Lonmin shares plunged into the bottom spot after admitting it will miss its full year targets following a 'serious outbreak of violence' at its West Marikana mine operations in South Africa. The firm also said its Chief Executive Officer was suffering from a serious illness and is currently in hopsital.
Meanwhile, African Barrick Gold (ABG) surged after announcing that its holding company, Barrick Gold, is in talks with China National Gold Group about the possibility of selling its stake in the miner to China's largest gold producer. Should China Gold buy up more than 30% of the voting interest in ABG from Barrick Gold, it would then be required to make an offer for the whole of ABG's issued ordinary share capital.
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