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Lonmin now seeks $1 billion rights offer backed by Xstrata

Frik Els | August 18, 2012 | 10:36 pm Base Metals Precious Metals Africa Palladium Platinum 

Reuters reports Lonmin is considering a $1 billion rights issue starting as early as September with major shareholder Xstrata saying it will put up part of the cash. The news first reported by the London Sunday Times follows the closure...

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