May 14, 2018 / 8:11 AM / a year ago

Lonmin's status as a going concern remains uncertain - CFO

JOHANNESBURG (Reuters) - Lonmin’s LMI.LLONJ.J ability to remain a going concern over the next 12-18 months has “material uncertainties”, its chief financial officer said during a results presentation on Monday.

The London-listed miner, which is struggling to contend with high costs and low platinum prices, continues to hold talks with alternative providers of finance, CFO Barrie van der Merwe said.

Credit waivers granted to Lonmin by its lenders in January are dependent on the company’s planned merger with precious metals producer Sibanye-Stillwater (SGLJ.J), he said.

Reporting by Ed Stoddard; Writing by Zandi Shabalala; Editing by David Goodman

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