Last updated: February 16. 2013 4:52PM - 46 Views

Story Tools:

Font Size:

Social Media:

(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


Featured Businesses


Poll



Mortgage Minute