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Lonmin looks to raise $400M in rights issue as part of new business strategy

Lonmin is looking to raise approximately US$400 million in gross proceeds through a rights issue as part of its broad business plan to achieve positive cash flow after capital expenditure in the low PGM pricing...

Lonmin to close Hossy and Newman shafts

Platinum major Lonmin has revealed it will carry out an “orderly closure” of certain shafts to help minimize the impact of the weakening platinum pricing market. Low platinum prices Although the company says it is highly...