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Reuters reported Lonmin’s (LSE:LMI) shares are continuing to drop as violence at its Marikana platinum mine in South Africa deepens.
Reuters reported Lonmin’s (LSE:LMI) shares are continuing to drop as violence at its Marikana platinum mine in South Africa deepens.
As quoted in the market news:
Shares in miner Lonmin slid for a sixth day on Monday, as investors fretted over the prospect of a cash call to shore up its balance sheet and the potential dismissal of 3,000 striking workers after a week of violence in which 44 people were killed.
South African-focused Lonmin, the world’s third-largest platinum miner, has given workers at its Marikana mine an ultimatum to return to work on Monday or face being fired, a twist that could heighten a tense situation on the ground and make it even harder for production to resume.