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Reuters reported South Africa’s Lonmin (LSE:LMI) will not fire 3,000 striking miners on the fear that such an act will incite more violence.
Reuters reported South Africa’s Lonmin (LSE:LMI) will not fire 3,000 striking miners on the fear that such an act will incite more violence.
As quoted in the market news:
Hit by lost production and revenues, the company said it may issue new shares “to strengthen its financial structure”.
Analysts have speculated the company may turn to shareholders to raise new capital as it will reach its borrowing limits at the end of next month.