Against the background of the share price of the London- and Johannesburg-listed Lonmin suffering unprecedented implosion, the Marikana-stricken platinum mining company remains committed to much more downsizing. In addition to 1 400 employees already leaving the business, a Section 189 consultation process remains under way to downsize significantly further. The company’s Hossy and Newman shafts are being harvested for cash and, over the next two years, 100 000 oz of high-cost production will be eliminated. The hardest hit of South Africa’s big three platinum companies, Lonmin has appointed a financial adviser to blaze the trail to short-term cash optimisation in order to position the business for a rise in platinum-group metals prices from their currently disconsolate levels.