PIC chided for risky business in Lonmin offer
Neal Froneman, CEO of Sibanye Gold, asked why the PIC was investing pension funds in Lonmin which was "a risky" investment.
Lonmin write down an omen of stricken sector
Lonmin's announcement that it would write-down up to R2.05bn in assets would be the first of many in the stricken platinum sector, analysts said.
Eastplats sale to Chinese stalls amid bust-up
Eastern Platinum conceded that its chances of selling its South African assets to a Chinese company hinged on the buyer resolving shareholder differences.
Lonmin plunges 40% as investors flee dilution
Investors appeared to reject Lonmin's proposed rights offer while one analyst said shareholders should vote the offer down and put pressure back on the banks.
Lonmin to issue shares at deep 94% discount
Shares in Lonmin would be sold for 21.4 cents - a 94% discount - in terms of its $400m rights offer that nonetheless paves the way for $370m in debt refinancing.
Shanduka swears committment to Incwala
Shanduka said it remained committed to its investment in Incwala Resources through which it has a 9% investment in debt-laden platinum miner, Lomin
Shanduka to abandon 9% Lonmin stake
Lonmin's BEE partner Shanduka said it will walk away from its stake in the company, which is held through Incwala Resources.
Lonmin rights offer a folly, say analysts
In the absence of its ambitious platinum price forecast materialising, Lonmin's $400m rights offer may just lead to further, more serious, turmoil in the future.
Lonmin to write down assets by $2.1bn
Lonmin said it had made progress on its plans to retrench 6,000 jobs and said assets had been revalued to between $1.6bn and $1.8bn.
Signs that platinum market has bottomed
There are signs that the platinum market may have put the worst behind it, according to analysts and market commentators.