Reuters UK (Free subscription) | 5 hours ago
LONDON (Reuters) - Miner Lonmin and transport operator Stagecoach are among five companies set to exit the FTSE 100 next week, as falling metal prices and a domestic recession take their toll, data showed on Friday.
Business Report (Free subscription) | 01/12/2008
Lonmin, the third-largest platinum producer in the world, has begun the process of shedding permanent-employee positions.
Mineweb - Daily news headlines (Free subscription) | 01/12/2008
Lonmin says it will cut 1,500 jobs at Limpopo in South Africa due to the drop in platinum demand from autocatalysts.
Reuters UK (Free subscription) | 01/12/2008
JOHANNESBURG, Dec 1 (Reuters) - The world's No.3 platinum producer Lonmin said on Monday it would lay off another 1,500 workers at its Limpopo operations, adding to some 4,000 jobs it plans to cut in South Africa.
IOL (Free subscription) | 01/12/2008
In response to the current economic climate, Lonmin has reportedly commenced a process which may lead to job losses at its Limpopo operations.
Business Report (Free subscription) | 28/11/2008
Lonmin, the world's No. 3 platinum producer, plans to cut thousands of jobs at two of its mines, trade union Solidarity says.
Mineweb - Daily news headlines (Free subscription) | 29/11/2008
Lonmin is planning to cut 4,000 jobs at its platinum mines to reduce costs, according to Solidarity trade union.
Mail & Guardian (Free subscription) | 29/11/2008
The third-largest platinum producer in the world, Lonmin, announced on Friday that it begun a process of retrenching 4 000 of its employees.
Reuters UK (Free subscription) | 28/11/2008
JOHANNESBURG (Reuters) - The world's third largest platinum producer, Lonmin , said on Friday that it plans to cut a total of 4,000 jobs in South Africa due to the worsening global economic climate.
Mineweb - Daily news headlines (Free subscription) | 28/11/2008
Lonmin is planning to cut 4,000 jobs at its platinum mines to reduce costs, according to Solidarity trade union.
Times Online (Free subscription) | 29/11/2008
... challenge against the decision was dismissed by the Competition Appeal Tribunal in September. Lonmin: South Africa’s Solidarity union said that Lonmin, the world’s No 3 platinum producer, had notified it that it planned to cut a total of 4,000 jobs at two platinum mines. Lonmin said last Tuesday that it would close some high-cost mines and cut costs to survive a market downturn....
Business Report (Free subscription) | 03/12/2008
Lonmin took the biggest knock among the blue chips, shedding 9.68 percent to R98.
The Independent (Free subscription) | 5 hours ago
Growing concerns about the collapse in commodities kept the mining sector depressed with Lonmin down 13.28 per cent or 87.5p at 571.4p. Xstrata wasn’t far behind, losing 10.48 per cent or 66p to 563.5p, on concerns about its debt pile and fears for Glencore, the 35 per cent share holder whose credit derivative spreads continue to widen. The fall came despite some supportive comments from Merrill...
Mail & Guardian (Free subscription) | 6 hours ago
... Harmony gave up R2,25, or 2,53%, to R86,75. Anglo Platinum was up R5,25, or 1,34%, to R396,25 but Lonmin weakened R9,01, or 8,79%, to R93,49. African Rainbow was off R3,21, or 3,34%, to R92,99 and Exxaro lost R1,50, or 2,17%, to R67,50. Elsewhere on the JSE, brewer SABMiller was up R1,01 to R162,01, Bidvest lost R2,70, or 2,57%, to R102,25 and Barloworld shed 50 cents, or 1,25%, to R39,50....
The Independent (Free subscription) | yesterday
... derivative spreads on the 35 per cent shareholder Glencore continued to widen to record levels. Lonmin was down 2.21 per cent, or 15p, at 663.5p after Goldman Sachs reduced its target price for the stock to 522p from 565p. The broker also changed forecasts for the platinum group metals to take account of weakening global demand. “A platinum market surplus means we expect platinum prices...
