Search results for lonmin

Three heavy-hitters call for unity Calls for business to urge the government to effectively implement existing polices and visions
Thirty-three prominent business figures, including acting Lonmin CEO Simon Scott, Gold Fields CEO Nick Holland and AngloGold Ashanti CEO Mark Cutifani, have called for unity.
10 Dec 2012
Glencore, Xstrata merger close but not everybody's happy Xstrata takeover by commodities giant Glencore
Shareholders in miner Xstrata, a major shareholder in Lonmin, have given the go ahead to a long-awaited $31-billion takeover by commodities giant Glencore.
21 Nov 2012
Xtrata calls for Lonmin management shake-up Xstrata requires changes to be made on the board
Xstrata plc CEO Mick Davis has written to the Chairman of Lonmin plc to notify him of Xstrata’s decision to support Lonmin’s proposed rights issue and subscribe in full for its rights
16 Nov 2012
Lonmin refuses Xtrata's takeover bid Lonmin reported an operating loss of $702-million
The board of platinum miner Lonmin, which is recovering from a six-week strike at its flagship Marikana mine, has reported an operating loss of $702-million for the year ended September
12 Nov 2012
Lonmin slashes output forecast by 23% Lonmin has slashed its capital expenditure for the next two years by another 23%
Lonmin has slashed its capital expenditure for the next two years by another 23% and is now targeting output of 800 000 ounces of PGMs by 2016 instead of the 950 000 ounces targeted previously.
31 Oct 2012
Chamber appoints new labour relations panel Panel appointed to lead discussions on labour relations.
The Chamber of Mines of SA (CoM) has appointed a three-men panel to lead discussions on how the country’s platinum industry can transform labour relations.
26 Sep 2012
Lonmin needs funding for total recovery Shareholders and money lenders to assist in Lonmin recovery
After six weeks of disruption, the world’s third-largest platinum miner, Lonmin, commenced production at its Marikana mine this week after striking workers had agreed to an 11% to 22% pay increase.
21 Sep 2012
Lonmin reaches settlement Lonmin workers return to work
The Lonmin mining group has announced that it has reached a settlement with its striking workers and that a return to work has been agreed for tomorrow following an all-inclusive negotiation process involving t
20 Sep 2012
Lonmin shares surge on better news A positive report for Lonmin
Wage talks with representatives of Lonmin miners are to continue today with the possibility of a settlement being reached soon.
18 Sep 2012
Lonmin Mine Disaster
Garankuwa - A total of 259 Marikana protesters were expected to appear in the Garankuwa Magistrate's Court today on various charges which include murder, attempted murder, armed robbery, public violence and more.
24 Aug 2012


This edition

Issue 42