Lonmin Share News (LMI)

Lonmin says could "cease trading" if $400 mln rights issue not backed

JOHANNESBURG, Nov 4 (Reuters) - Platinum producer Lonmin could stop trading if its $400 million cash call to shareholders through a rights issue was unsuccessful, the company said. "In those circumstances, the group may have to cease trading and shareholders could lose the entire value of

BROKER RATINGS SUMMARY: Sells On Barratt, Taylor Wimpey And Persimmon

Earnings, Trading Statements Calendar - Week Ahead

Lonmin expects to report full-year operating loss but record production

(ShareCast News) - Lonmin on Monday said it expects to report an annual operating loss as the miner recovers from labour strikes in South Africa, rising costs and weak platinum prices. The company, which posts its full-year results on 9 November, said it forecasts an operating loss of $207m, before

UPDATE 1-Lonmin's annual refined platinum output at 8-year high

(Adds more details) Nov 2 (Reuters) - Lonmin said on Monday its annual refined platinum output has hit an eight-year high, as it recovers from the lengthy strike at its South African mines last year, but said it still made an operating loss. Lonmin said refined platinum output for th

Lonmin's annual refined platinum output hits 8-year high

Nov 2 (Reuters) - Lonmin said on Monday its full-year refined platinum output hit an 8-year high as it recovers from a five-month strike last year. Lonmin said refined platinum output for the year to end-September rose 74 percent to 759,695 ounces from the previous financial year. Th

Lonmin Says Platinum Sales Up But Low Prices Mean It Expects Big Loss

BROKER RATINGS SUMMARY: Investec Raises Senior To Buy From Hold

Broker tips: Pearson, Lonmin

(ShareCast News) - Education group Pearson was under the cosh for the second day in a row as JPMorgan Cazenove downgraded the stock to 'neutral' from 'overweight' and slashed the price target to 1,080p from 1,365p following the company's interim management statement on Wednesday. JPM attributed the

Thursday broker round-up

(ShareCast News) - Centamin (di): Goldman Sachs starts new coverage with a buy, sets target price at 80.00p. Lonmin: JP Morgan Cazenove upgrades to overweight, raises target price to 35.00p. Pearson: JP Morgan Cazenove downgrades to neutral. Target price: 1080.00p. Hays: Credit Suisse upgrades to

JPMorgan upgrades Lonmin on debt restructuring plan

(ShareCast News) - JPMorgan Cazenove upgraded Lonmin to 'overweight' from 'neutral' and lifted the price target to 35p from 30p following the company's announcement on Wednesday of a rights issue and debt restructuring. "Lonmin disclosed a revised business plan and funding strategy with its full-yea

BROKER RATINGS SUMMARY: Merrill Lynch, JPMorgan Cut Pearson To Neutral

LONDON BRIEFING: Shares Soft At Open Ahead Of ECB Decision

Platinum fails to fill breach left by gold in South Africa

* Platinum's prospects now as poor as gold * Platinum price less than half 2008 peak * 70 pct of shafts in S.Africa losing money - Implats By Ed Stoddard BRITS, South Africa, Oct 21 (Reuters) - When South African miner Papi Soke went from gold to platinum, he thought he wa

South Africa charges miners over Marikana murders - lawyer

JOHANNESBURG, Oct 21 (Reuters) - South African prosecutors have charged 17 miners with murder over the killing of 10 people during a violent wildcat strike at platinum producer Lonmin's Marikana mine, their lawyer said on Wednesday. The vortex of violence around the mine in August, 2012, c