EXCLUSIVE: Lonmin probed over SAPS-marked ammo

2016-07-08 12:15

The discovery of a large cache of shotgun cartridges marked "SAPS" at Lonmin has raised questions as to why the company would have ammunition apparently meant to be used exclusively by the police.

Implats CEO to step down in December

2016-05-18 18:40

Impala Platinum boss Terence Goodlace will step down in December this year after six years at the helm, the company announced, without immediately naming a successor.

Lonmin turns cash-positive on cost cuts

2016-05-16 10:03

Platinum miner Lonmin says it was cash-positive in the first half of the year as it implements a cost-cutting plan to save the business.

Lonmin gets new chief financial officer

2016-04-19 12:49

Lonmin has appointmented of Barrie van der Merwe as new executive director of the company and chief financial officer as Simon Scott will step down in May.

Gideon du Plessis: Mining strike pains. Is half a bread loaf better than none?

2016-01-27 07:09

Solidarity's Gideon du Plessis looks at the mining the sector, with a possible strike at Sibanye Gold and make-or-break platinum wage talks due later this year.

The PIC and your pension: Profit or politics?

2015-12-04 06:00

The PIC, which manages nearly R2tr in pension fund money, often gets criticised for its dealings. finweek puts the investment manager under the microscope.

Lonmin shareholders provisionally approve rights issue

2015-11-19 18:19

Lonmin shareholders have provisionally approved the company's proposal to raise $407m in a share issue.

Lonmin prices rights issue at 1 pence a share

2015-11-09 10:20

Platinum producer Lonmin has priced its R5.78bn rights issue at a 94% discount as the firm fights for survival in the face of depressed commodity prices.

35 000 jobs stand between Lonmin and its survival

2015-11-06 07:22

To survive the slump in platinum prices, Lonmin may need to reduce production. The trouble is, it will mean fewer jobs in a country that can’t afford to lose any.

Rise and fall of a mining firm that tried to buy Harrods

2015-11-05 07:59

From Cecil Rhodes’ southern African legacy to takeover battles gripping the UK and a massacre at one of its mines, 106-year-old Lonmin risks entering its final act.


Key Lonmin exec was SSA spook - report

2016-05-29 07:28

Lonmin’s foremost representative during the 2012 strikes at its Marikana mine was a covert agent of the State Security Agency, Rapport reports.

Amcu looking for 'living wage' from mine bosses

2016-05-16 16:01

Amcu is on course to begin meetings to decide on pay demands for platinum companies with the existing two-year wage deal expiring soon.

Marikana killings: Widows plead for $9.1m from BASF

2016-04-28 21:30

Widows of mineworkers at Lonmin’s platinum mine at Marikana will ask Germany-based BASF to pay $9.1m into a fund to support the families of dead miners.

Lonmin will not shy away from merger or takeover: CEO

2016-02-10 13:08

Platinum producer Lonmin will not "shy away" from any merger or takeover but for now the company is focused on its plan to survive tough market conditions, says its CEO.

Lonmin’s crucial $400m rights issue

2015-12-13 13:30

Lonmin's discounted $400m rights issue was under subscribed, with only about 71% of the shares on offer taken up, showing that investors are losing faith in troubled mining sector.

Why Marikana workers want R1 billion in compensation

2015-11-29 15:00

Lonmin, the state and Deputy President Cyril Ramaphosa

Lonmin down over 30% as investors flee before rights issue

2015-11-10 13:20

Lonmin has dived to a record low for a second day as investors fled after the platinum producer said it would sell billions of shares at a fraction of the market price.

UPDATE: Shanduka 'committed' to Lonmin's BEE partner

2015-11-06 19:35

Empowerment group Shanduka says it remains committed to Incwala Resources, a BEE partner of struggling platinum miner Lonmin.

Shanduka on Lonmin: 'We chose not to pay'

2015-11-05 15:05

As Lonmin goes cap in hand to beg for a $400m bailout from shareholders to keep its struggling operations afloat, BEE partner Shanduka says it will walk away from its stake in the company.

Lonmin may shut down if share sale fails

2015-11-04 13:30

Lonmin says shareholders risk losses if they block a refinancing plan that includes a stock sale.

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