Lonmin’s Platinum Output Falls on Smelter Shutdowns

Mining Weekly reported that Lonmin plc’s (LSE:LMI) overall platinum-group metals production fell by 31.1 percent in 2014’s fourth quarter. The fall has been attributed to smelter shutdowns.

As quoted in the market news:

The closure of the leaking Number One furnace for repair lowered refined Q1 output by 28.8% to 139 823 oz and total PGM production fell to 265 128 oz.

The Number Two furnace is also down because of electrode breaks.

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