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Lonmin profit hurt by platinum strike, two workers reportedly killed

Cecilia Jamasmie | May 12, 2014 | 11:18 am Base Metals Precious Metals Africa Europe Gold Platinum 

South African miner Lonmin (LON:LMI), the world’s third-largest platinum producer, warned Monday that the 16-week wage strike is taking a heavy toll on the company's profits, adding that substantial job cuts and restructuring seem inevitable. The company, which posted an...

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