Lonmin cuts workforce, shrinks capex, lowers unit costs

Lonmin cuts workforce, shrinks capex, lowers unit costs

Platinum mining company Lonmin on Monday reported employee cuts, shrinking capital expenditure (capex), lower unit costs and the highest refined platinum production in eight years. But that did not stop the share price of the London- and Johannesburg-listed platinum-mining company from initially falling by as much as 3.8% to 451c a share before closing the […]

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