Lonmin Share News (LMI)

Berkeley Group Holdings To Replace Weir Group In FTSE 100

BUZZ-Glencore extends slide, down more than 7 pct to life lows

(updates prices for Glencore) ** Glencore extends losses into the UK close, down more than 7 pct, leading losses across London-listed mining cos ** Weak data from China on Tuesday fuels fears that the slowdown in the world's second-largest economy will hold back global growth **

LONDON BRIEFING: Ashtead And Hikma Lead Positive Early Market

FTSE 250 movers: Rentokil rallies on acquisition, Man Group drops on press report

(ShareCast News) - London's mid-cap index was in the red on Tuesday as weak Chinese and UK manufacturing figures weighed on sentiment. At 1440 BST, the index was down 1.8% at 16,807.07. OneSavings Bank was the standout gainer after Numis raised its forecasts and target price on the stock following s

BUZZ-Mining stocks: Icahn stake in Freeport-McMoRan lifts sector

** Mining stocks, battered by a rout in commodity prices, get hefty boost from activist investor Carl Icahn disclosing a stake in diversified miner & energy producer Freeport-McMoRan ** Stocks also rallying on the back of extended rebound in China ** Lonmin, which also comments on cos

UPDATE 3-Lonmin sees full-year cash costs below guidance

* Cash costs expected below 10,800 rand per oz * To cut output by 100,000 oz per year by end-2017 (Adds CEO comments) JOHANNESBURG, Aug 27 (Reuters) - South Africa-focused platinum producer Lonmin Plc said on Thursday it expected full-year underlying cash costs to stay below its gui

South Africa's platinum industry "extremely ill" -Lonmin CEO

JOHANNESBURG, Aug 27 (Reuters) - Lonmin 's chief executive said on Thursday that 80 percent of South Africa's platinum production was making a loss and mines were not responding to cash injections from investors. "Many mines in the platinum sector today are extremely ill and have not respon

Lonmin highlights good progress on costs

(ShareCast News) - Platinum miner Lonmin said on Thursday that it has cut 1,400 jobs so far out of an estimated 6,000 as it gave an update on its programme of shaft closures and workforce reduction announced in July. Lonnmin said that over the next two years, 100,000 ounces of high-cost production w

Lonmin Presses Ahead With Job And Cost Cuts To Battle Platinum Prices

Lonmin expects full-year underlying cash costs below guidance

Aug 27 (Reuters) - Platinum producer Lonmin Plc expects full-year underlying cash costs to stay below its guidance of 10,800 rand ($826) per ounce, the company said on Thursday. Lonmin, hit by a rout in metals prices and a long-running strike last year, said 1,400 employees had so far left

BUZZ-UK mining cos: Citi downgrade cuts short rebound

** London-listed mining cos resume slide after Citigroup cuts its price target on a raft of cos to reflect lowered commodity price forecasts ** "We believe the longer term outlook for the miners continues to have a high level of uncertainty and will depend on positive US$ global growth and/

FTSE 250 movers: Vedanta surges but Lonmin slumps as platinum prices drop

(ShareCast News) - London's FTSE 250 was firmly on the front foot on Tuesday, trading up 2.7% at 16,643.57 by 1600 BST, bouncing back from sharp falls in the previous session sparked by worries about a slowdown in China. Vedanta Resources was the standout gainer, rallying sharply as investors steppe

UPDATE 1-South Africa's mining industry to sign jobs pact - govt

* Mining sector to sign a pact to reduce job cuts * Companies shedding jobs as metal prices slide, costs rise * High unemployment a politically thorny issue in S.Africa (Adds unions, companies quotes, detail) By Zandi Shabalala JOHANNESBURG, Aug 25 (Reuters) - South Afri

BUZZ-UK mining cos feel the pain as China concerns grip markets

** London-listed miners top FTSE 100 losers list as fears around China's growth continue to bludgeon commodity prices ** London copper and aluminum fall further to multi-year lows, while Crude oil prices hit fresh 6-1/2 year lows ** Glencore falls 5.5 pct, hitting new record low, whi

FTSE 250 movers: Spire feels pain of NHS budget cuts; gold miners gain

(ShareCast News) - The FTSE 250 fell 1.6%, led by a sharp drop in Spire Healthcare shares. The index of mid-cap stocks was down 226.5 points to 17,012. Spire was hit by a warning that second-half revenues from the the UK's National Health Service would be flat this year compared with previous guidan