A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
In the 24 months since, Lonmin has also endured an industry-wide strike that shut down production for half a year-all against a backdrop of a declining platinum price as international demand crumbled on the back of a softer global economy. According to Bloomberg, shareholders agreed to buy 19.2 billion new shares, and HSBC Holdings, JPMorgan Cazenove and Standard Bank Group's South African unit will procure subscribers for the remaining 7.8 billion by mid-December. Platinum remains an industrial metal used in vehicle catalytic converters and emerging fuel cell applications.
In the 24 months since, Lonmin has also endured an industry-wide strike that shut down production for half a year-all against a backdrop of a declining platinum price as international demand crumbled on the back of a softer global economy. According to Bloomberg, shareholders agreed to buy 19.2 billion new shares, and HSBC Holdings, JPMorgan Cazenove and Standard Bank Group's South African unit will procure subscribers for the remaining 7.8 billion by mid-December. Platinum remains an industrial metal used in vehicle catalytic converters and emerging fuel cell applications.
Lonmin Optimistic About Future
Gavin du Venage (author)
2016
Article (Journal)
English
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