Lonmin Share Price

  • This company is slowly burning, make sure you don't own it…
  • More bad news for the Lonmin share price In 2012 Lonmin asked shareholders for R7.12 billion in capital to keep the doors open. At that stage the company was worth R8 billion. But investing in Lonmin was a bad idea. By 2015 the company burnt through all of that money. Its value crashed, with the company being worth a mere R1.2 billion in November 2015. And then, as the creditors came knock... ››› more
  • [22 September 2017]
  • Lonmin shares take a heavy tumble after Glencore announces it's divesting
  • Shares in platinum producer Lonmin have been under heavy selling pressure today following an announcement by major shareholder Glencore to divest out of the business. Glencore says this is due to platinum not being part of its core business. Shares plunged in earlier trade, but have recouped some losses, but they remain down over 5%. Let's take a closer look at what's going on… Gl... ››› more
  • [11 February 2015]
  • Lonmin is to slash costs as the platinum price remains under pressure
  • Earlier today, Lonmin released its production report for its first quarter. The platinum producer, which is the world's third largest, said it plans to keep output unchanged, but is cutting costs. Let's take a closer look at what Lonmin revealed… Lonmin plans to cut spending by 26% Lonmin [JSE:LON] says it “will cut its capital expenditure” for this year as the near term prosp... ››› more
  • [29 January 2015]

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