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I thought I was too of macho man to shed a tear, but yesterday, during my bed time prayer,I lost it. I actually growled with tears flooding down my cheeks. I still can't get my head around it: Women and girls raped as a form of protest, so I was told. I
Johannesburg - South Africa's benchmark index rose 0.9% on Friday as recovery in the platinum price prompted a rebound in miners such as Lonmin, while Anglo American rose after posting a rise in full-year earnings. Local sentiment was also buoyed by stro
Net-net, Lonmin seems to house the same regulatory risk as the other SA PGM miners ... However, the solvency of Lonmin's BEE partner has created bail-out issues in the past and the DMR may view BEE funding constraints as a negative point, requiring rectification and potential recapitalisation.
JOHANNESBURG (Reuters) - South Africa's benchmark index rose 0.9 percent on Friday as recovery in the platinum price prompted a rebound in miners such as Lonmin, while Anglo American rose after posting a rise in full-year earnings. Local sentiment was al
LONMIN had delivered on a promise to provide more than 600 community members with jobs, the third-largest producer of platinum group metals said on Friday. Ian Farmer, the chief executive, said on the sidelines of the Investing in African Mining Indaba,
Cape Town - Lonmin [JSE:LON] , the world’s third-largest primary platinum producer, could be forced to review its closely watched 2015 output target if safety stoppages and strikes continue to batter the South African-based industry, its chief executive
Net-net, Lonmin seems to house the same regulatory risk as the other SA PGM miners ... However, the solvency of Lonmin's BEE partner has created bail-out issues in the past and the DMR may view BEE funding constraints as a negative point, requiring rectification and potential recapitalisation.
By Clara Ferreira-Marques CAPE TOWN (Reuters) - Lonmin, the world's third-largest primary platinum producer, could be forced to review its closely watched 2015 output target if safety stoppages and strikes continue to batter the South African-based indus
Greek labor unions staged another walkout yesterday and indicated that their members are not keen on more austerity measures being imposed upon them and that the bailout is being rammed down their throats by foreign creditors. Greek Finance Minister Veni
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Net-net, Lonmin seems to house the same regulatory risk as the other SA PGM miners ... However, the solvency of Lonmin's BEE partner has created bail-out issues in the past and the DMR may view BEE funding constraints as a negative point, requiring rectification and potential recapitalisation.
Net-net, Lonmin seems to house the same regulatory risk as the other SA PGM miners ... However, the solvency of Lonmin's BEE partner has created bail-out issues in the past and the DMR may view BEE funding constraints as a negative point, requiring rectification and potential recapitalisation.
The rise was mainly due to the switch back to conventional mining and rising production. Mining in 2011 was however affected by two fatalities in April and by the illegal industrial stoppage in May at the Karee operations. On the back of this, Lonmin revised its cost guidance for 2011 to +11% from +8% a...
Lonmin showed only 2% unit cost inflation in FY10, although this was from a high base
Lonmin's management is confident of a continued recovery over the near-term, having guided towards platinum production and sales of 800 000 ounces to 850 000 ounces by 2013 ... Although this may appear a stretch given the company's recent production trend and industry-wide safety stoppages, management d...
Lonmin is pursuing higher production alone and is not taking into account that it leads to exhaustion among employees. Exhaustion is one of the biggest threats to mine safety. When mineworkers are overworked, the possibility of fatal mistakes increases
