Lonmin Share News (LMI)

Lonmin shareholders to vote on cut-price rescue rights issue

By Olivia Kumwenda-Mtambo JOHANNESBURG, Nov 19 (Reuters) - Lonmin shareholders will on Thursday decide whether to approve a deeply-discounted $407 million share issue, as the beleaguered platinum producer seeks cash to stay afloat. Battered by strikes, rising costs and weak platinum p

AGM, EGM Calendar - Week Ahead

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 costs * So far more than 3,000 workers have left voluntarily By Olivia Kumwenda-Mtambo MARIKANA, South Africa, Nov 11

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-discounted rights issue. Lonmin said on Monday it would launch a $407m (£270m) rights issue, which represents a 94% discount to the company's share p

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 stoked speculation of rising interest rates worldwide. At midday, the FTSE 100 was off by just 0.69 points or 0.01% to 6,353.11. The latest US non-fa

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 struggles to keep afloat amid declining platinum prices and rising costs. Shareholders will be able to subscribe for 46 new shares for each Lonmin shar

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 comments, shares, results) By Olivia Kumwenda-Mtambo JOHANNESBURG, Nov 9 (Reuters) - Platinum producer Lonmin priced its

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 selling pressure on the top flight index after Friday´s much stronger-than-expected US jobs report for October. The FTSE 100 was trading up by 0.33% to 6,37

UPDATE: Lonmin Launches Rights Issue As Loss Significantly Widens (ALLISS)

Lonmin Launches Large, Heavily Discounted Rights Issue (ALLISS)

BUZZ-Lonmin shares soar after company offers 94 pct discount on right's issue

** Lonmin's Johannesburg-listed shares up more than 13 pct. ** Offers 94 pct discount at right's issue. ** Mining firm's $407 mln rights issue puts 27 billion new shares on offer. ** Lonmin said it would sell 27 billion shares at 1.00 pence each to its shareholders, compared to

Lonmin prices rights issue at 1 pence a share

JOHANNESBURG, Nov 9 (Reuters) - Platinum producer Lonmin on Monday priced its $407 million rights issue at a 94 percent discount as the firm fights for survival in the face of depressed commodity prices. Lonmin said it would sell 27 billion shares at 1.00 pence each to its shareholders, c

Thursday broker round-up

(ShareCast News) - Standard Chartered: Macquarie downgrades to underperform. Target price: 550.00p. Quarto Group Inc: Northland Capital Partners initiates new coverage with a buy, sets target price at 350.00p. Howden Joinery Group: N+1 Singer upgrades to buy. Sabmiller: Societe Generale downgrades

UPDATE 2-Lonmin faces collapse if shareholders reject $400 mln cash call

* Lonmin says rights issue must be backed if company to survive * Company could go under between December and May 2016 (Adds analyst comment, detail) By Zandi Shabalala JOHANNESBURG, Nov 4 (Reuters) - Lonmin , world's No.3 platinum miner, urged shareholders to approve a $400 m