Copper $ 5.4805 / lb 2.24%
Brent Crude Oil $ 63.25 / bbl -0.08%
Palladium $ 1502 / ozt 1.35%
Crude Oil $ 59.55 / bbl -0.25%
Natural Gas $ 5.041 / Btu -0.71%
Silver Futures $ 58.97 / ozt 2.45%
Aluminum Futures $ 2927 / ton 0.40%
Micro Gold Futures $ 4255.6 / ozt 0.42%
Micro Silver Futures $ 58.97 / ozt 2.51%
Platinum $ 1669.4 / ozt 0.36%
Gold Futures $ 4255.7 / ozt 0.38%
Go to MDC Markets

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

Cecilia Jamasmie | November 09, 2015 | 4:17 am Base Metals Precious Metals Africa Europe Gold Platinum 

[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...

Mining.com Recommends

Contest Ranking Modal BG Contest Ranking Modal BG
Contest Ranking Title

Your Rankings.

The new Mining Power Rankings are live. Vote for the sector’s leaders in each of the Large-, Small-, and Micro-Cap leagues.

Vote Now