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Lonmin pledge pleases investors

Lonmin (LN:LMI) rose to the top of the London and Johannesburg listed ranks this week as the beleaguered platinum group metals miner told shareholders it might just be able to break even this quarter.

Mining Journal
Lonmin is hoping its continual cost cutting focus will lead to a profit in the current quarter

Lonmin is hoping its continual cost cutting focus will lead to a profit in the current quarter

The South Africa-focused miner produced 169,820 platinum ounces and 326,540oz of platinum group metals in the June quarter, which was markedly up from the previous quarter. Although the average PGM basket...

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