• Connect with us
    • Information
      • About Us
      • Contact Us
      • Careers
      • Partnerships
      • Advertise With Us
      • Authors
      • Browse Topics
      • Events
      • Disclaimer
      • Privacy Policy
    • Australia
      North America
      World
    Login
    Investing News NetworkYour trusted source for investing success
    • North America
      Australia
      World
    • My INN
    Videos
    Companies
    Press Releases
    Private Placements
    SUBSCRIBE
    • Reports & Guides
      • Market Outlook Reports
      • Investing Guides
    • Button
    Resource
    • Precious Metals
    • Battery Metals
    • Base Metals
    • Energy
    • Critical Metals
    Tech
    Life Science
    Precious Metals Market
    Precious Metals News
    Precious Metals Stocks
    • Precious Metals Market
    • Precious Metals News
    • Precious Metals Stocks
    market news

    Lonmin Plans $2 Billion Platinum Expansion of Production, Mine Reopenings

    Investing News Network
    May. 09, 2011 07:51AM PST
    Precious Metals

    Bloomberg reports that Lonmin Plc (LON:LMI), the world’s third-largest platinum company, will invest about $2 billion restarting mines and expanding production in South Africa.

    Bloomberg reports that Lonmin Plc (LON:LMI), the world’s third-largest platinum company, will invest about $2 billion restarting mines and expanding production in South Africa.

    The market news is quoted as saying,

    Lonmin will spend about $400 million a year to boost annual production to 950,000 platinum ounces by 2015 from the 750,000 ounces it plans for this fiscal year ending Sept. 30, Chief Executive Officer Ian Farmer said in a phone interview today.

    For the complete market news, click here.

    market newslon:lmi
    The Conversation (0)

    Go Deeper

    AI Powered
    LSE:AAL

    Lonmin Selling Excess Platinum Capacity to Build Capital

    TSX:WM

    Lonmin News: Lonmin to Spend Up to $11 Million with Wallbridge Mining

    Latest News

    Reward Gold Mine Production Update

    Trading Halt

    Drilling Commences at Mt Hope Project

    Vertex Minerals Limited Reward Gold Mine Production Update

    Orion and Sapphire Drilling Results (Updated)

    More News

    Outlook Reports

    Resource
    • Precious Metals
      • Gold
      • Silver
    • Battery Metals
      • Lithium
      • Cobalt
      • Graphite
    • Energy
      • Uranium
      • Oil and Gas
    • Base Metals
      • Copper
      • Nickel
      • Zinc
    • Critical Metals
      • Rare Earths
    • Industrial Metals
    • Agriculture
    Tech
      • Artificial Intelligence
      • Cybersecurity
      • Gaming
      • Cleantech
      • Emerging Tech
    Life Science
      • Biotech
      • Cannabis
      • Psychedelics
      • Pharmaceuticals

    Featured Stocks

    More featured stocks

    Browse Companies

    Resource
    • Precious Metals
    • Battery Metals
    • Energy
    • Base Metals
    • Critical Metals
    Tech
    Life Science
    MARKETS
    COMMODITIES
    CURRENCIES
    ×