Lonmin

Lonmin says year EPS up 19 pct, closes mines

LONDON (Reuters) - The world's third biggest platinum producer Lonmin posted a 19 percent rise in annual underlying earnings per share on Tuesday and said it would close uneconomic operations amid falling prices.

Lonmin leads miners and market lower

Platinum specialist Lonmin is leading the miners, and indeed the whole market, lower after downbeat comments accompanying its final results.The figures showed underlying earnings were up 19%, but it passed its final dividend,...

Lonmin closes mines and puts jobs on the block

Lonmin, the platinum miner that rebuffed a takeover from Xstrata earlier this year, is to cut jobs at its head office in London and close mines in South Africa, in the face of plunging platinum prices and falling productivity.

London lower as earnings news stays bleak

London equities fell further on Tuesday, after a mixed series of corporate news set an uncertain tone before the release of the latest inflation data. The FTSE 100 was 0.4 per cent lower at 4,116.55, a loss of 16 points, after...

FTSE 100 weakens as mining stocks come under pressure

The FTSE 100, down 36pc this year, added to those losses in early trading in London, as a fall in the price of many commodities and metals depressed mining stocks. In Asia, markets in Shanghai and Hong Kong continued to digest...

Glance-STOCKS NEWS EUROPE-Charles Stanley down as H1 PBT falls 29 pct

STOCKS NEWS Reuters Results diary Stocks on the move Real-time Equity News 10:45GMT 18Nov2008-Charles Stanley down as H1 PBT falls 29 pct Shares in Charles Stanley, the British independent stockbroker, slide 2.5 percent as it...

Glance-FTSE slips as economy, Citi job cuts weigh

By Simon Falush LONDON, Nov 18 (Reuters) - Britain's top share index fell 1.6 percent on Tuesday, as news of hefty job cuts from Citigroup and continued gloom on the global economy offset the positive impact of some...

Europe shares extend losses as banks, miners weigh

LONDON, Nov 18 (Reuters) - European shares extended losses in early trade on Tuesday, with banks and miners the biggest fallers as fears over the extent of a recession in major economies weighed. By 0847 GMT, the FTSEurofirst...

SAfrica platinum output to rise slightly in 2009-JM

By James Macharia JOHANNESBURG, Nov 18 (Reuters) - South Africa should see a 'modest' rise in platinum output in 2009 after a decline this year, but long-term mine expansions will be restricted by power supply, Johnson Matthey...

Lonmin suspends all opencast operations

SHERILEE BRIDGE | JOHANNESBURG, SOUTH AFRICA - Nov 18 2008 13:55 Lonmin, the world's third-largest platinum producer, on Tuesday said it planned to suspend all its opencast operations from the end of this year as it scales back...

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