Lonmin’s Magara says cash is king: Lonmin chief executive Ben Magara has said the world's third-biggest platinum producer had learnt that cash was king following its “near death” experience, which saw it complete the crucial R5 billion rights issue last year. Risk averse shareholders have voted with their feet because there was too much noise owing to the labour … [Read more...] about Lonmin’s Magara says cash is king
Lonmin’s
Safety stoppages hurt Lonmin’s production
Safety stoppages hurt Lonmin’s production: Lonmin, the world's third-largest platinum producer, said costs may rise above the level targeted this year following its life-saving rights issue at the end of 2015. Costs per platinum group-metal ounce produced will be R10 400 to R10 700 in the year ended September 30, the Johannesburg-based company said in a statement on Monday. … [Read more...] about Safety stoppages hurt Lonmin’s production
