Lonmin Plans to Cut 21% of Workforce in South Africa
The Guardian reported that South African focused platinum producer Lonmin (LSE:LMI) expects to cut roughly 21% of jobs at its South African operations. The cuts come "as part of a drive to increase...
View ArticlePlatinum Price Continues Downward Trend
Investors are wondering just how low platinum prices can go.Continue reading...
View ArticleLonmin Reaches Full Production Earlier Than Forecast
Business Day Live reported that Lonmin (LSE:LMI) has returned to full production earlier than forecast at its South African platinum operations.Continue reading...
View ArticleLonmin Still Feeling Losses From Platinum Strikes
Business Day Live reported that platinum producer Lonmin (LSE:LMI) is still feeling pain from South Africa's five month long mine worker strikes earlier this year. The company has lost about 391,000...
View ArticleWPIC Releases Stats on Aboveground Platinum Stockpiles
The amount of platinum stockpiled aboveground isn't usually discussed. However, the World Platinum Investment Council lays out the numbers in its inaugural quarterly platinum report. Here's why...
View ArticlePlatinum Outlook 2015: A Brighter New Year
2014 has been a lackluster year for platinum, but some analysts are expecting prices to pick up in 2015.Continue reading...
View ArticleLonmin Maintains Output Target, Cuts Expenditures
Reuters reported that Lonmin plc (LSE:LMI) will keep its annual production target, but cut capital expenditures this year as it struggles against low metals prices.Continue reading...
View ArticleWhy is Platinum Cheaper Than Gold?
While both gold and platinum prices have continued to fall so far this year, platinum has taken a harder hit, making the white metal cheaper than gold. William Tankard, director of precious metals and...
View ArticleLonmin Shares Collapse over Stake Divestment by Glencore
Mining.com reported that shares in Lonmin (LSE:LMI) fell by as much as 7.3% on Thursday as Glencore (LON:GLEN) concluded the distribution of its stake in the South African miner to...
View ArticlePlatinum Price Drops to Six-year Low
Platinum made headlines on Monday as its price fell to a six-year low. According to the The Wall Street Journal, platinum for July delivery fell 0.8 percent, to $1,088.60 per troy ounce, on the New...
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