Reuters reported Lonmin’s (LSE:LMI) shares are continuing to drop as violence at its Marikana platinum mine in South Africa deepens.
As quoted in the market news:
Shares in miner Lonmin slid for a sixth day on Monday, as investors fretted over the prospect of a cash call to shore up its balance sheet and the potential dismissal of 3,000 striking workers after a week of violence in which 44 people were killed.
South African-focused Lonmin, the world’s third-largest platinum miner, has given workers at its Marikana mine an ultimatum to return to work on Monday or face being fired, a twist that could heighten a tense situation on the ground and make it even harder for production to resume.
Get Our Expert Guide to Platinum Investing FREE!Download this FREE Special Report, Why Invest in Platinum Stocks? What the Future Could Hold for Lonmin, the AMCU and South African Platinum Production.