Publications
Partners
London - Lonmin [JSE:LON] met analysts' forecasts with a $326m annual pre-tax loss on Monday, hurt by a five-month mining strike, but said a review it recently concluded highlighted opportunities to improve its performance.
Along with its peers, Lonmin, the world's third-largest platinum producer, has been battered by labour unrest overs wages, rising costs and weak platinum prices.
READ: Platinum strike still affects economy - Sarb
The London-listed mining company posted a pre-tax loss of $326m for the year to the end of September, compared with a profit of $140m a year earlier and within a range of forecasts calling for a loss of $257m to $565m in a Reuters poll of five analysts.
Along with its peers, Lonmin, the world's third-largest platinum producer, has been battered by labour unrest overs wages, rising costs and weak platinum prices.
READ: Platinum strike still affects economy - Sarb
The London-listed mining company posted a pre-tax loss of $326m for the year to the end of September, compared with a profit of $140m a year earlier and within a range of forecasts calling for a loss of $257m to $565m in a Reuters poll of five analysts.
ALSO READ:
Lonmin swings back to full production
Lonmin denies tax evasion claims
Lonmin lashes out at profit shifting report
Strike weighs on Lonmin production
