Lonmin Shares Collapse over Stake Divestment by Glencore

Mining.com reported that shares in Lonmin (LSE:LMI) fell by as much as 7.3% on Thursday as Glencore (LON:GLEN) concluded the distribution of its stake in the South African miner to shareholders.

As quoted in the market news,

The troubled platinum producer saw its stock hitting a low of 128.7 p in early trading, the biggest loss in three months, and was trading at $136.0, or 1,16% lower than the previous session at 2:15 pm London time.

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