Lonmin Share News (LMI)

Lonmin rallies on debt restructuring plans

(ShareCast News) - Lonmin shares rallied as investors welcomed the platinum miner's announcement of a rights issue and debt restructuring to combat declining prices. The company said it plans to raise around $400m (£259m) in gross proceeds through a rights issue and at the same time, it will amend i

UPDATE 2-Lonmin aims for $400 mln rights issue, proceeds with job cuts

* Lonmin proposes rights issue exceeding market cap * Plans to push through with 6,000 job cuts * Shares up 7 percent (Adds detail, shares, Citi quote) By Ed Stoddard JOHANNESBURG, Oct 21 (Reuters) - Platinum producer Lonmin plans a $400 million rights issue of new sha

South Africa's PIC backs Lonmin $400 mln rights issue

JOHANNESBURG, Oct 21 (Reuters) - South Africa's Public Investment Corporation, its state pension fund, supports Lonmin's $400 million equity cash call, the platinum company said on Wednesday as it unveiled a survival plan that also included debt refinancing. "The Public Investment Corporat

Lonmin To Raise USD400 Million In Rights Issue, Warns Of Job Cuts (ALLISS)

Lonmin aims for $400 mln rights issue, proceeds with job cuts plan

JOHANNESBURG, Oct 21 (Reuters) - Platinum producer Lonmin plans a $400 million rights issue and will proceed with a planned restructuring to cut 6,000 jobs in the face of depressed prices, it said on Wednesday. Lonmin also said in a statement that it had slashed its capital expenditure fo

South Africa's Zuma suspends head of police pending probe

JOHANNESBURG, Oct 14 (Reuters) - South African President Jacob Zuma has suspended National Police Commissioner Riah Phiyega, pending an inquiry into allegations of misconduct, his office said on Wednesday. Zuma's office in September launched an investigation into the police chief's role in

BROKER RATINGS SUMMARY: Citi Cuts AB Foods As UBS Raises Smiths Group

BROKER RATINGS SUMMARY: Goldman Sachs Resumes Rolls-Royce At Buy

S.Africa hopes to settle with 'Marikana massacre' victims - Zuma

JOHANNESBURG, Sept 30 (Reuters) - South Africa may set up a panel to process civil claims that have been filed against the government by the families of miners killed during a violent 2012 wildcat strike at a mine run by platinum producer Lonmin , the presidency said. "A judge, assisted by

VW scandal could end platinum's price supremacy over palladium

* Pt/Pd ratio graphic: http://link.reuters.com/fyg99v * Consumption graphic: http://link.reuters.com/qew65w * Platinum hits 6-1/2 year lows after VW emissions scandal By Clara Denina LONDON, Sept 24 (Reuters) - Platinum's price dominance since 2001 over sister metal pallad

REFILE-UPDATE 1-S.Africa's Zuma starts probe on police chief over "Marikana massacre"

(Fixes name spelling in para 8) JOHANNESBURG, Sept 22 (Reuters) - South African President Jacob Zuma has launched an investigation into the police chief's role in the 2012 killing of 34 miners by officers during a strike over pay, his office said on Tuesday. South Africa's worst polic

S.Africa's Zuma starts probe on police chief over "Marikana massacre"

JOHANNESBURG, Sept 22 (Reuters) - South African President Jacob Zuma has launched an investigation into the police chief's role in the 2012 killing of 34 miners by officers during a strike over pay, his office said on Tuesday. South Africa's worst police killing since the end of apartheid s

LONDON MARKET CLOSE: Stocks Down As Fed's Hold Creates Uncertainty

BROKER RATINGS SUMMARY: Exane BNP Cuts KAZ Minerals To Underperform

Broker tips: Mondi, Lonmin, Reckitt Benckiser

(ShareCast News) - Mondi, the paper and packaging group, has been downgraded to 'sell' by Goldman Sachs after a strong run in the shares and "stretched" growth expectations. Goldman said it saw 12% downside to shares in the FTSE 100 group, which was spun-off from miner Anglo American in July 2007, a