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25th May 2012
GOLD 1572.90 $/oz
PLATINUM 1431.50 $/oz
R/$ exchange 8.41
R/€ exchange 10.53
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Lonmin revenues slump 50%, no dividend for second year
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Address to refer:
http://www.miningweekly.com/article/lonmin-revenues-slump-50-plus-no-dividend-for-second-year-2009-11-16
Article Headline:
Lonmin revenues slump 50%, no dividend for second year
Abstract:
Platinum miner Lonmin's revenue slumped 50%-plus in the year to September 30 and the company decided not to declare a final dividend for the second year in a row. The flagship Marikana platinum mine in Rustenburg came in 2% below guidance. Looking forward, the London- and JSE-listed Lonmin said mined production would return steadily to 850 000 oz and said it would sell 700 000 oz in 2010, implying a slight increase on the 682 955 oz of platinum sold in the 2009 financial year.
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