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Lonmin Plc London S.E.

Equities

LMI

GB0031192486

Non-Gold Precious Metals & Minerals

Lonmin : South Africa's AMCU union says yet to get notice on Lonmin job cuts

July 24, 2015 at 04:00 am EDT

JOHANNESBURG (Reuters) - South Africa's Association of Mineworkers and Construction Union (AMCU) could not comment on planned job cuts at platinum producer Lonmin as it had not yet been informed by the company, its president Joseph Mathunjwa said on Friday.

AMCU last year led a five-month strike in the platinum sector, demanding higher wages for its members.

(Reporting by Olivia Kumwenda-Mtambo; Editing by James Macharia)

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
DOW JONES SOUTH AFRICA(ZAR)	1,945 PTS	0.00%	+2.09%	-
PLATINUM	902.5 USD	-1.10%	-4.01%	-
DOW JONES AFRICA TITANS 50 INDEX	445.1 PTS	-0.49%	-1.93%	-
S&P AFRICA 40 INDEX	151.3 PTS	+0.07%	-0.39%	-

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Company Profile

Lonmin Plc is a producer of platinum group metals (PGMs). The Company is engaged in the discovery, extraction, refining and marketing of PGMs. The Company's segments include PGM Operations, Evaluation, Exploration and Other. Its geographical segments include The Americas, Asia, Europe and South Africa. The PGM Operations segment includes operational mines and processing facilities, which are located in South Africa. The PGM Operations segment's activities are integrated and designed to support the process for extracting and refining PGMs from underground. The Evaluation segment covers the evaluation through pre-feasibility of the economic viability of newly discovered PGM deposits. Its evaluation projects are based in South Africa. The Evaluation segment relates to the Akanani asset, which is located in South Africa and is in the evaluation stage. The Exploration segment covers the activities involved in the discovery or identification of new PGM deposits around the world.

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Non-Gold Precious Metals & Minerals

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Sector Platinum Mining

	1st Jan change	Capi.
ANGLO AMERICAN PLATINUM LIMITED	-29.18%	9.45B
NORTHAM PLATINUM HOLDINGS LIMITED	-6.50%	2.71B
JUBILEE METALS GROUP PLC	+3.88%	252M
THARISA PLC	+5.56%	250M
SYLVANIA PLATINUM LIMITED	-13.82%	213M
PLATINUM GROUP METALS LTD.	+18.00%	134M

Platinum Mining