Monday, July 28, 2014





Shares in African miner Lonmin dive after violence


February 16. 2013 4:52PM
Story Tools
PrintPrint | E-MailEMail | SaveSave | Hear Generate QR Code QR
Send to Kindle


(AP) Shares in South African miner Lonmin are falling, down as much as 8 percent after another day of violence at the company's platinum mining complex where police opened fire on striking miners, killing more than 30.


Lonmin shares fell as much as 8 percent to 595 pence in early trading Friday before recovering some ground. The company's share price has fallen nearly 12 percent between Monday and Thursday. Wiping some 232 million pounds ($364 million) off the company's market value.


Alison Turner, an analyst at Panmure Gordon & Co., says Lonmin's shares have also been hit by news that Chief Executive Ian Farmer is hospitalized with a serious illness.


Associated Press


Comments
comments powered by Disqus Commenting Guidelines
Poll
Mortgage Minute


Search for New & Used Cars

Make 
Model
 
Used New All
 

Search Times Leader Classifieds to find just the home you want!

Search Times Leader Classifieds to find just what you need!

Search Pet Classifieds
Dogs Cats Other Animals



Social Media/RSS
Times Leader on Twitter
Times Leader on Youtube
Times Leader on Google+
The Times Leader on Tumblr
The Times Leader on Pinterest
Times Leader RSS Feeds