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Lonmin News

As Lonmin fights for survival, miners move to cash in and quit
11 Nov 2015

As Lonmin fights for survival, miners move to cash in and quit

* Hit with losses, Lonmin striving to stay afloat * Seeking $407 mln in massively-discounted share issue * Aims to cut 6,000 jobs by next year to cut ...

Lonmin tumbles as investors run for the exit ahead of rights issue
10 Nov 2015

Lonmin tumbles as investors run for the exit ahead of rights issue

(ShareCast News) - Shares in beleaguered platinum miner Lonmin tumbled for the second day in a row as investors rushed for the exits ahead of a highly...

London midday: FTSE little changed as investors digest US rate expectations
9 Nov 2015

London midday: FTSE little changed as investors digest US rate expectations

(ShareCast News) - Housebuilders were the standout losers on the FTSE 100 after after Friday´s much stronger-than-expected US jobs report for October ...

Lonmin launches rights issue at 94% discount as losses widen
9 Nov 2015

Lonmin launches rights issue at 94% discount as losses widen

(ShareCast News) - Beleaguered platinum miner Lonmin has launched a $407m (£270m) rights issue - a 94% discount to its share price last week - as it s...

UPDATE 2-Lonmin offers 94 pct discount on crucial rights issue
9 Nov 2015

UPDATE 2-Lonmin offers 94 pct discount on crucial rights issue

* Lonmin to sell 27 billion new shares * Rights issue priced at 1 pence a share * Full-year pre-tax loss widens to $2.26 bln (Adds CEO and analysts ...

London open: Financials in the lead, homebuilders move lower
9 Nov 2015

London open: Financials in the lead, homebuilders move lower

(ShareCast News) - Financials were leading gains on the Footsie early on Monday, with utilities and homebuilders again bearing the brunt of the sellin...