Lonmin reported exceptional full-year results, benefiting from palladium and rhodium price tailwinds, less severe production stoppages and better operational efficiencies – via an increased focus on cost-efficient mines. As a result, the group managed to maintain a comfortable net cash cushion. These are encouraging results for Sibanye-Stillwater, which is inching closer towards Lonmin’s acquisition. While the PGM price outlook remains sombre, successful labour restructuring shoul
30 Nov 2018
The much-needed performance turnaround
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The much-needed performance turnaround
Lonmin reported exceptional full-year results, benefiting from palladium and rhodium price tailwinds, less severe production stoppages and better operational efficiencies – via an increased focus on cost-efficient mines. As a result, the group managed to maintain a comfortable net cash cushion. These are encouraging results for Sibanye-Stillwater, which is inching closer towards Lonmin’s acquisition. While the PGM price outlook remains sombre, successful labour restructuring shoul