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United Kingdom

Lonmin PLC (LMI.L)

LMI.L on London Stock Exchange

47.90GBp
22 Jan 2019
Change (% chg)

-0.10 (-0.21%)
Prev Close
48.00
Open
47.02
Day's High
47.90
Day's Low
47.02
Volume
84,398
Avg. Vol
497,860
52-wk High
86.90
52-wk Low
36.00

Latest Key Developments (Source: Significant Developments)

Lonmin And Sibanye-Stillwater Extends Longstop Date To 30 June 2019
Tuesday, 15 Jan 2019 

Jan 15 (Reuters) - Lonmin PLC ::EXTENSION OF LONGSTOP DATE.CAC, SIBANYE-STILLWATER AND CO AGREED TO EXTEND LONGSTOP DATE FOR SCHEME TO BECOME UNCONDITIONAL & EFFECTIVE FROM 28 FEB 2019 TO 30 JUNE 2019.  Full Article

Sibanye-Stillwater Says AMCU's Application To Labour Court Dismissed
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Sibanye Gold Ltd ::URGENT APPLICATION MADE TO LABOUR COURT ON NOV 27, BY AMCU, WAS DISMISSED BY COURT ON WEDNESDAY.LABOUR COURT ACKNOWLEDGES THAT SIBANYE-STILLWATER HAS TAKEN REASONABLE STEPS TO PROTECT EMPLOYEES.STRIKE BEGUN BY AMCU ON THE EVENING SHIFT, ON WEDNESDAY 21 NOVEMBER 2018, CONTINUES TO DISRUPT THE GOLD OPERATIONS.  Full Article

Lonmin FY Operating Profit $101 Mln Vs Loss Of $1.08 Bln Year Ago
Thursday, 29 Nov 2018 

Nov 29 (Reuters) - Lonmin Plc ::FY OPERATING PROFIT 101 MILLION USD VERSUS -1.079 BILLION USD LOSS YEAR AGO.FY PLATINUM SALES OF 681,580 OUNCES EXCEEDED OUR SALES GUIDANCE OF 650,000 TO 680,000 OUNCES.FY REVENUE OF $1,345 MILLION UP $179 MILLION ON PRIOR YEAR, DRIVEN BY HIGHER PGM PRICES.FY UNIT COST INCREASE CONTAINED TO 5.2% AT R12,307.SEES 2019 UNIT COSTS EXPECTED TO BE IN RANGE OF R12,900 TO R13,400 PER PGM OUNCE.2019 EXPECTED PLATINUM SALES BETWEEN 640,000 AND 670,000 OUNCES IN LINE WITH REMOVING HIGH COST PRODUCTION.ALL-SHARE OFFER FROM SIBANYE-STILLWATER IS EXPECTED TO CLOSE IN EARLY 2019.CAPITAL EXPENDITURE FOR 2019 ANTICIPATED TO BE LIMITED TO A RANGE OF R1.4 BILLION TO R1.5 BILLION, EXCLUDING ANY EXTERNAL FUNDING FOR MK2 PROJECT.DURING FINANCIAL YEAR PLATINUM MARKET REMAINED DEPRESSED, WHILE PALLADIUM IMPROVED STRONGLY.CONTINUE TO FACE LIQUIDITY CONSTRAINTS AND SIGNIFICANT INVESTMENT NEEDED IN MINES TO PRESERVE AND PROLONG THEIR LIFESPAN- CEO.LONMIN - RHODIUM PRICE CONTINUED TO ADVANCE STRONGLY IN FY, OWING TO STRONG BUYING IN CHINA AND A DECLINE IN SUPPLY FROM SOUTH AFRICA.PLATINUM'S CONTRIBUTION TO LONMIN'S PGM BASKET REVENUES REDUCED FROM 58% TO 45% IN FY.LONMIN BY REMOVING TWO LAYERS OF MANAGEMENT AND MAKING CHANGES TO OPERATIONAL MANAGEMENT STRUCTURE, WE HAVE STREAMLINED COMMUNICATION WITHIN BUSINESS.LONMIN - GIVEN CHALLENGING OPERATING ENVIRONMENT AS STAND-ALONE CO, CO TO CONTINUE TO PLACE HIGH COST GENERATION 1 SHAFTS ON CARE AND MAINTENANCE.  Full Article

Lonmin Says SA Tribunal Approved Sibanye Transaction
Wednesday, 21 Nov 2018 

Nov 21 (Reuters) - Lonmin PLC ::LONMIN PLC - SA TRIBUNAL APPROVES SIBANYESTILLWATER TRANSACTION.  Full Article

Sibanye-Stillwater Says SA Competition Tribunal Approves Lonmin Acquisition Subject To Agreed Conditions
Wednesday, 21 Nov 2018 

Nov 21 (Reuters) - Sibanye-Stillwater ::JSE: SGL - SA COMPETITION TRIBUNAL APPROVES THE LONMIN ACQUISITION SUBJECT TO AGREED CONDITIONS.SA'S COMPETITION TRIBUNAL ( COMPETITION TRIBUNAL) APPROVED PROPOSED ACQUISITION OF LONMIN, SUBJECT TO SPECIFIC CONDITIONS.  Full Article

Lonmin Undertakes Refinancing, Enters $200 Mln Metal Purchase Agreement
Monday, 22 Oct 2018 

Oct 22 (Reuters) - Lonmin PLC ::LONMIN UNDERTAKES REFINANCING.SAYS TO ENTER INTO A US$200 MILLION METAL PURCHASE AGREEMENT WITH PANGAEA INVESTMENTS MANAGEMENT LIMITED.LONMIN PLC - UPFRONT PAYMENT WILL BE AMORTIZED OVER THREE YEARS.LONMIN PLC - FOLLOWING COMPLETION, AND SUBJECT TO SIBANYE-STILLWATER BECOMING A CO-OBLIGOR, PIM WILL RELEASE ALL SECURITY OVER LONMIN'S ASSETS.LONMIN PLC - WILL SETTLE ITS PRE-EXISTING TERM LOAN OF US$150 MILLION AND CANCEL ALL ITS OTHER PRE-EXISTING UNDRAWN FACILITIES.LONMIN PLC - FACILITY COULD ENHANCE LONMIN'S CASH POSITION AS IT REQUIRES ONLY PARTIAL SETTLEMENT OF BETWEEN $60 MILLION AND $80 MILLION UPON COMPLETION.  Full Article

South Africa's Competition Tribunal To Hear Sibanye Gold, Lonmin Merger On Oct. 18, 19
Tuesday, 9 Oct 2018 

Oct 9 (Reuters) - SOUTH AFRICA'S COMPETITION TRIBUNAL::DATE SET FOR SIBANYE GOLD LTD AND LONMIN PLC MERGER HEARING.WILL HEAR PROPOSED MERGER BETWEEN SIBANYE GOLD AND LONMIN PLC ON 18 AND 19 OCTOBER 2018.  Full Article

Eric Sprott Buys Wallbridge Mining Shares From Lonmin
Monday, 1 Oct 2018 

Oct 1 (Reuters) - Lonmin PLC ::LONMIN PLC - ERIC SPROTT ANNOUNCES HOLDINGS IN WALLBRIDGE MINING.LONMIN PLC - ERIC SPROTT AGREED TO BUY 24 MLN OUTSTANDING COMMON SHARES SHARES OF WALLBRIDGE MINING HELD BY CO.LONMIN PLC - WALLBRIDGE SHARES WERE PURCHASED FROM LONMIN BY ERIC SPROTT AT $0.165 PER SHARE FOR TOTAL CONSIDERATION OF $3,967,077.68.  Full Article

Lonmin Reports Fatal Accident At K3 Shaft
Monday, 1 Oct 2018 

Oct 1 (Reuters) - Lonmin PLC ::SAYS DEATH OF TEMBELANI MANYANA, A TEAM LEADER, IN FALL-OF-GROUND ACCIDENT AT CO'S K3 SHAFT ON SEPT. 30.  Full Article

Lonmin Reports 2.6 Mln Total Tonnes Mined During Q3, Down 3.1 Pct
Friday, 27 Jul 2018 

July 27 (Reuters) - Lonmin Plc ::2.6 MILLION TOTAL TONNES MINED DURING Q3, DECREASED BY 3.1 PCT YEAR ON YEAR.UNIT COSTS REDUCED BY 11.5 PCT TO R11,781 PER PGM OUNCE IN Q3.PGM SALES INCREASED BY 2 PCT TO 352,128 OUNCES FOR QUARTER AND PLATINUM SALES OF 176,121 DECREASED BY 2.3 PCT .MAINTAIN OUR FULL-YEAR SALES GUIDANCE OF 650,000 TO 680,000 PLATINUM OUNCES.MAINTAINS GUIDANCE FOR UNIT COSTS AT UPPER END OF R12,000-R12,500 PER PGM OUNCE RANGE FOR FULL YEAR.MAINTAINING REVISED CAPITAL EXPENDITURE GUIDANCE FOR CURRENT YEAR TO BETWEEN R1.2 BILLION AND R1.3 BILLION.PROPOSED ACQUISITION BY SIBANYE-STILLWATER ON TARGET TO CLOSE IN SECOND HALF OF THIS YEAR.  Full Article

PRECIOUS-Gold steadies, Fed signals 'some' rate hikes for 2019

Dec 20 Gold steadied on Thursday, after declining about half a percent in the previous session as the U.S. Federal Reserve did not deliver as dovish a statement as some investors had expected.