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    market news

    Less Than 7 Percent of Lonmin Miners Report For Duty

    Investing News Network
    Aug. 30, 2012 01:01PM PST
    Precious Metals

    Reuters reported less than 7 percent Lonmin’s (LSE:LMI) 28,000-strong South African workforce reported for duty on Thursday while the company met with unions.

    Reuters reported less than 7 percent Lonmin’s (LSE:LMI) 28,000-strong South African workforce reported for duty on Thursday while the company met with unions.

    As quoted in the market news:

    The world’s third-largest platinum producer has been forced to shut its mining operations for almost three weeks because of a violent turf war between the established National Union of Mineworkers (NUM) and militant Association of Mineworkers and Construction Union (AMCU), which led to the deaths of 44 people this month.

    Click here to read the full Reuters report.

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