All data is delayed
See More

Mine unrest to hit investment

Aug 30 2012 07:50

Company Data

Lonmin plc [JSE:LON]

Last traded 8
Change 1
% Change 14
Cumulative volume 6800565
Market cap 0

Last Updated: 09-10-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Lonmin: No work, no pay

Shabangu reassures foreign investors

Ramaphosa: We are all responsible

Lonmin: We need peace

Talks to end Lonmin strike begin

Toe the line or else, Zuma warns mining firms

Perth - Mineral resources minister Susan Shabangu said on Wednesday that a wave of labour unrest and violence in the mining sector that killed 44 people this month will have an impact on potential investments.

"It is a cause for concern.

"The tragedy does impact on any potential investments,” she told reporters on the sidelines of a mining conference in Perth.

The government would not allow a repeat of the strife at the Lonmin platinum mine [JSE:LON] but mining returns could not be made at any cost, the minister said. 

Shabangu also said mine nationalisation could not advance the interests of South Africa.

* Follow Fin24 on Facebook, Twitter and Google+.

lonmin  |  lonmin unrest  |  investments



Read Fin24’s Comments Policy publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


With infrastructure spending having been identified as one of the key focus areas of the National Development Plan, tradesmen will continue to play a critical role in growing the South African economy through their skills.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

A 30% a month return on investment is:

Previous results · Suggest a vote