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Lonmin PLC (LMI.L)

LMI.L on London Stock Exchange

73.60GBp
18 Apr 2019
Change (% chg)

-2.30 (-3.03%)
Prev Close
75.90
Open
72.40
Day's High
74.90
Day's Low
71.50
Volume
175,998
Avg. Vol
559,289
52-wk High
85.60
52-wk Low
36.00

Latest Key Developments (Source: Significant Developments)

Lonmin Plc Says Intended AMCU Secondary Strike Suspended
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Lonmin PLC ::LONMIN PLC - INTENDED AMCU SECONDARY STRIKE SUSPENDED.LONMIN - SA LABOUR COURT RULED INTENDED SECONDARY STRIKE AT LONMIN'S OPERATIONS IS SUSPENDED PENDING JUDGEMENT IN DUE COURSE AND OPERATIONS CONTINUE NORMALLY.LONMIN - CONFIRMS IT SOUGHT INTERDICT FROM SOUTH AFRICAN LABOUR COURT AMCU TO PREVENT UNION FROM A SECONDARY STRIKE AT CO'S OPERATIONS.  Full Article

Lonmin Notifies On AMCU Secondary Strike Action
Thursday, 21 Feb 2019 

Feb 21 (Reuters) - Lonmin PLC ::LONMIN PLC - AMCU SECONDARY STRIKE ACTION.LONMIN - RECEIVED WRITTEN NOTICE OF SECONDARY STRIKE ACTION FROM AMCU TO TAKE PLACE AT OPERATIONS.LONMIN - AMCU STRIKE WILL COMMENCE ON 28 FEBRUARY 2019 UNTIL 07 MARCH 2019, CO IN PROCESS OF OBTAINING LEGAL ADVICE TO INFORM RESPONSE TO NOTICE.  Full Article

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

UPDATE 1- South Africa’s rand crosses 14.00 threshold, stocks gain

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