Lonmin sees salvation, launches $407m rights issue at only 1 pence per share

[caption id="attachment_838118" align="aligncenter" width="600"] Lonmin’s Marikana mine concentrator plant.[/caption] South African platinum producer Lonmin (LON:LMI), the world’s third largest, avoided Monday becoming the biggest casualty of the commodity crisis by winning shareholder support for a $407 million equity sale. The company...

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