Lonmin Share News (LMI)

S.Africa mining union NUM to challenge Lonmin's planned job cuts

JOHANNESBURG, July 24 (Reuters) - South Africa's National Union of Mineworkers (NUM) said on Friday it was "shocked" by platinum producer Lonmin's plan to cut 6,000 jobs and would challenge the retrenchments. "As the NUM, we are going to fight against any job losses. It is very painful to s

UPDATE 2-Lonmin says 6,000 S.Africa jobs at risk in proposed restructuring

* To close or mothball several mine shafts * Lonmin burning cash, EBITDA negative * Share price has fallen 57 percent in 2015 * Union militancy in South Africa has been on the rise * CEO says sees no risk to mining licence after Marikana probe (Updates with shares, CEO c

BUZZ-Lonmin PLC:shares fall more than 10 pct on proposed mine closures

** Shares in South African platinum producer Lonmin plummet more than 10 pct to a ten year low after the London listed firm said it was planning to close several mine shafts. ** Says company is making a loss due to depressed metal prices ** Proposed restructuring will put 6,000 South

WINNERS & LOSERS SUMMARY: Vodafone Up After "Good Start To The Year"

Lonmin's third quarter held back by safety stoppages, miner reviews capital structure

(ShareCast News) - Shares in Lonmin slumped on Friday as the platinum producer said third quarter operations were held back by an increase of safety stoppages as the number of injuries rose. The group reported a total of 2.7m tonnes mined in the quarter, 2.4m tonnes higher than a year ago when strik

S.Africa's AMCU union says yet to get notice on Lonmin job cuts

JOHANNESBURG, July 24 (Reuters) - South Africa's Association of Mineworkers and Construction Union (AMCU) could not comment on planned job cuts at platinum producer Lonmin as it had not yet been informed by the company, its president Joseph Mathunjwa said on Friday. AMCU last year led a fiv

BUZZ-UK Mining cos: Worst week since December as metals slump persists

** UK mining sector poised for worst week since last Dec hurt as metal prices continue their fall ** London copper at 6 year lows following a survey of China's factory sector; gold at 5-1/2 year lows following upbeat U.S. jobs data ** Both aluminum and copper seen in surplus, a Reuter

Lonmin shares fall to record low after restructuring announcement

LONDON, July 24 (Reuters) - Lonmin shares on the London Stock Exchange fell more than 7 percent to an all time low on Friday after the company said that it was planning to close or mothball several mine shafts, putting 6,000 jobs in South Africa at risk. Along with its peers, Lonmin has bee

BUZZ-Lonmin: stock at record low as falling platinum prices wipe sheen off

** Platinum producer shares falls 9.8 pct to a life-low at 68.10 pence, suffering under falling platinum prices ** The miner said it will close two shafts at its mine in South Africa, cut about 6,000 jobs and reduced normalised annual production forecast by about 100,000 ounces for the next

LONDON BRIEFING: Pearson Leads FTSE 100 After FT Sale To Nikkei

Lonmin's S.Africa license not at risk after Marikana report - CEO

JOHANNESBURG, July 24 (Reuters) - South African platinum producer Lonmin does not foresee any risk to its mining licence after an inquiry into the killing of 34 miners during a 2012 strike put some of the blame on the company, its chief executive said on Friday. "We continue to talk to (our

Lonmin To Cut 6,000 Jobs As Production Set To Dramatically Fall

UPDATE 1-Lonmin says 6,000 S.Africa jobs at risk in proposed restructuring

(Recasts with company statement and new jobs cut number) JOHANNESBURG, July 24 (Reuters) - Platinum producer Lonmin said on Friday it was planning to close or mothball several mine shafts, putting 6,000 South African jobs at risk, because of depressed metal prices. Platinum's spot pr

Platinum producer Lonmin to shut two shafts, affecting about 6,000 jobs

July 24 (Reuters) - South Africa's Lonmin Plc, the world's fourth-largest platinum producer by value, said it would close two of its shafts, affecting about 6,000 workers including contractors. Lonmin said it would shut its Hossy and Newman shafts, which would also decrease normalised annua

Lonmin says 4,500 S.Africa jobs at risk in proposed restructuring

JOHANNESBURG, July 24 (Reuters) - Platinum producer Lonmin said on Friday it was planning to close or mothball several shafts, putting 4,500 South African jobs at risk, or about 15 percent of its workforce, because of depressed metal prices. In a letter to a union obtained by Reuters and d