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Lonmin Share News (LMI)
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BUZZ-Lonmin: Spooked by Glencore's planned exit
** The platinum producer's shares down as much as6.6 pct after commodities trader Glencore Plc said itintends to divest its stake in Lonmin
** Glencore inherited its 23.9 percent stake in Lonminthrough the acquisition of Xstrata in May 2013
** Drop in Lonmin shares on relatively heavy volumes withnearly 1.5 times a full day's average volume having traded inthe first hour
** Some analysts warn that despite reassurances thatGlencore's senior managers will not sell Lonmin sharesimmediately some shareholder may exit putting further pressureon shares
** Lonmin the biggest drag on FTSE All Share Mining index
** Glencore down less than a percent at 269.35 pence (abhiram.nandakumar.thomsonreuters.com@reuters.net)
Latest LMI News
- Lonmin warns on sales as takeover drags on
10 May 2019 - Sibanye Gold Agrees To Increase All-Share Offer For Lonmin By Over 3%
25 Apr 2019 - Braemar Shipping Appoints DX's Chair Ronald Series In Same Role
15 Apr 2019 - Rambler Metals Hires Another Mandalay Resources Executive As CEO
3 Apr 2019 - Lonmin paints bleak picture as it calls on shareholders to back takeover
25 Mar 2019 - UK Shareholder Meetings Calendar - Next 7 Days
18 Mar 2019 - Labour Court Says Strike At Lonmin's Operations Would Be Unprotected
15 Mar 2019 - Rambler Metals & Mining Appoints New Chief Financial Officer
6 Mar 2019
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