Reuters reported after six weeks of strikes and 46 deaths, Lonmin (LSE:LMI) plans to raise $800 million from its investors to help finance recovery and help slash debt.
As quoted in the market news:
In August Lonmin’s Marikana mine was the scene of South Africa’s most violent episode since the end of apartheid, when police shot dead 34 people involved in the labor strife battering the country’s already beleaguered platinum industry.
“South African Platinum Supplies Are Declining. What Should Investors
Do To Profit From This Trend?”
Get the latest update on the platinum market. Click below
to get your FREE market report.