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Lonmin News

London midday: Mining stocks push FTSE 100 to five-week high, Serco drops
10 Nov 2014

London midday: Mining stocks push FTSE 100 to five-week high, Serco drops

UK stocks started the new trading week on the front foot with mining shares resilient despite some mixed economic data from China overnight. However, ...

UPDATE 2-Strike-hit Lonmin cuts costs, raises hurdles to return to profit
10 Nov 2014

UPDATE 2-Strike-hit Lonmin cuts costs, raises hurdles to return to profit

* Posts $326 million annual pre-tax loss * Had considered closure of Hossy shaft * Aims to reduce jobs through natural attrition, hire freeze * Target...

BUZZ-Lonmin: shares rise despite $326m loss
10 Nov 2014

BUZZ-Lonmin: shares rise despite $326m loss

** Lonmin rises 3 pct in early trade despite reporting a pre-tax loss of $326m, compared to a profit of $140m a year ago. ** Traders cite co managing ...