Copper $ 5.4805 / lb 2.24%
Brent Crude Oil $ 63.25 / bbl -0.08%
Palladium $ 1502 / ozt 1.35%
Crude Oil $ 59.55 / bbl -0.25%
Natural Gas $ 5.041 / Btu -0.71%
Silver Futures $ 58.97 / ozt 2.45%
Aluminum Futures $ 2927 / ton 0.40%
Micro Gold Futures $ 4255.6 / ozt 0.42%
Micro Silver Futures $ 58.97 / ozt 2.51%
Platinum $ 1669.4 / ozt 0.36%
Gold Futures $ 4255.7 / ozt 0.38%
Go to MDC Markets

Lonmin warns of $2bn write-down, 6,000 job cuts

Cecilia Jamasmie | November 02, 2015 | 3:04 am Base Metals Precious Metals Africa Europe Gold Platinum 

[caption id="attachment_837244" align="aligncenter" width="600"] Lonmin’s Marikana mine concentrator plant.[/caption] South African platinum producer Lonmin (LON:LMI), the world’s third largest, said Monday it expects to take an impairment charge of about $2 billion triggered mainly by weak metal prices and rising...

Mining.com Recommends

Contest Ranking Modal BG Contest Ranking Modal BG
Contest Ranking Title

Your Rankings.

The new Mining Power Rankings are live. Vote for the sector’s leaders in each of the Large-, Small-, and Micro-Cap leagues.

Vote Now