Lonmin Share News (LMI)

S.Africa watchdog says police commissioner should be dismissed -newspaper

JOHANNESBURG, Dec 4 (Reuters) - A South African police watchdog has recommended that suspended national commissioner Riah Phiyega be deemed unfit to hold office and dismissed, the City Press weekly newspaper reported on Sunday. Phiyega was the country's top-ranking police official when poli

Lonmin full-year loss narrows

(ShareCast News) - Lonmin said losses in the year to the end of September narrowed thanks in part to the restructuring of the business, a continued focus on cost management and the weakening of the rand against the US dollar. In the year to the end of September, the pre-tax loss came in at $355m co

Lonmin to carry on cutting output, expects subdued demand

* Share price rallies after fall on Friday * Results beat expectations, margins slim * Platinum price has rallied less than other commodities LONDON, Nov 14 (Reuters) - Lonmin Plc on Monday said it would continue closing inefficient production in 2017 to cut costs as the platinu

UPDATE 2-Lonmin buys Amplats stake in Pandora platinum mine

* Lonmin buys Amplats stake in Pandora mine * Lonmin and Amplats shares fall * Amplats has only one labour intensive mine left (Adds detail, shares, analyst) By Sanjeeban Sarkar Nov 11 (Reuters) - Platinum mining company Lonmin Plc said on Friday it would buy Anglo Ame

Lonmin agrees to buy Amplats stake in Pandora

(ShareCast News) - Lonmin has agreed to buy Anglo American Platinum's 42.5% stake in the Pandora joint venture mine for 400m rand. The deal will up Lonmin's stake in the JV to 92.5%. As it stands, the Pandora JV is held 50% by Lonmin's subsidiary, Eastern Patinum, 42.5% by AAP through Rustenburg Pla

TOP NEWS: Lonmin To Buy Anglo American Stake In Pandora Venture

UK Earnings, Trading Statements Calendar - Next 7 Days

Lonmin to seek cost-saving measures after wage deal

JOHANNESBURG, Oct 31 (Reuters) - South African platinum miner Lonmin said on Monday it would seek new ways to reduce costs after signing a three-year wage deal with staff which will raise its labour costs by an average of 380 million rand ($28 million) annually over the period. Lonmin, alo

South Africa's AMCU union to sign wage deals with platinum trio

JOHANNESBURG, Oct 30 (Reuters) - South Africa's AMCU union said on Sunday it is ready to sign three-year wage deals with the country's big three platinum producers. The Association of Mineworkers and Construction Union (AMCU) said on Thursday it had agreed a pay rise deal with Anglo America

REFILE-UPDATE 3-South Africa's AMCU union agrees wage deal with Amplats

(Refiled to modify headline) * AMCU says agreement concluded * Offer far short of AMCU union's initial demands * Sources say Implats, Lonmin offers similar * "Peace clauses" included in offers, draft agreements By Ed Stoddard JOHANNESBURG, Oct 27 (Reuters) - So

Amplats offers South African unions 7 percent wage hike

JOHANNESBURG, Oct 27 (Reuters) - Anglo American Platinum has offered three South African unions wage increases of 7 percent, or 1,000 rand per month, whichever is greater, over the next three years, according to a draft agreement seen by Reuters on Thursday. The agreement also contains a "

UPDATE 2-South Africa's AMCU union reaches tentative wage deals with platinum trio

* AMCU says deals still need final members' approval * Terms of the deals not disclosed * AMCU lead 5-month platinum strike in 2014 (Recasts with AMCU president comments) By Ed Stoddard JOHANNESBURG, Oct 21 (Reuters) - South Africa's AMCU union has reached wage deals in

South Africa's AMCU says reaches deal in principle with three platinum firms

JOHANNESBURG, Oct 21 (Reuters) - South Africa's AMCU union has reached wage deals in principle with platinum producers Anglo American Platinum, Impala Platinum and Lonmin, subject to final approval from its members, the union's president said on Friday. "What our members have been demanding

Lonmin reaches wage agreement "in principle" with South African union

JOHANNESBURG, Oct 21 (Reuters) - Platinum mining company Lonmin has reached an agreement "in principle" with South Africa's AMCU union over wages and other conditions of employment, its spokeswoman said on Friday. "They've committed to us that they're going to be seeking a mandate from thei

Acacia gold output boost drives shares higher again

(Adds CEO interview, context) * Cash costs so low gold price almost irrelevant * Considers secondary North American listing longer term By Mamidipudi Soumithri and Barbara Lewis BENGALURU/LONDON, Oct 21 (Reuters) - Gold mining company Acacia Mining expects output this yea