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LMIFri, 29th Jan 2016 16:47
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
Read more(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
Read more* 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
Read more* 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
Read more(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
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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
Read moreJOHANNESBURG, 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
Read more(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
Read moreJOHANNESBURG, 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 "
Read more* 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
Read moreJOHANNESBURG, 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
Read moreJOHANNESBURG, 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
Read more(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
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