Industry News

Lonmin mulls $1bln rights issue backed by Xstrata: paper

August 19, 2012 Comments Off on Lonmin mulls $1bln rights issue backed by Xstrata: paper

August 19, 2012, 11:30 am

LONDON (Reuters) – Platinum miner Lonmin is considering a $1 billion rights issue starting as early as next month to recoup losses following the closure of its Marikana mine in South Africa where 34 workers were killed, the Sunday Times reported.
Lonmin shareholder …

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