You are here:
Home >
Lonmin plc

Lonmin plc

By Brook Intelligence in association with Legal Week

Overview

This profile takes a comprehensive understanding of Lonmin and condenses it to the strategic issues it faces, namely the recent high profile strikes that resulted in 38 deaths. The resulting loss of income over the period of the strike compounded a loss of income from falling commodity prices, which has forced Lonmin to pursue a $800m rights issue and to renegotiate existing debt with lenders to avoid breaching loan covenants. However, unless prices rise soon the rights issue might not be sufficient. Whether Lonmin is an existing client or you are meeting it for the first time this profile will give you plenty of conversation hooks.

See full subscription description

Availability: In stock

£149.00

Lonmin plc

Report description

Lonmin engages in exploring, mining, refining, and marketing minerals and metals in South Africa. It primarily explores Platinum Group Metals including platinum, palladium, rhodium, ruthenium and iridium, as well as gold, nickel, chrome, and copper ores. The Group's flagship property is the Marikana mine located on the Western Limb of the Bushveld complex. It also has operations in the Americas, Asia, and Europe. In light of a rapidly deteriorating cash position, the Group's immediate priorities are to control capital expenditure in the short-term. It has been forced into increased wage settlements putting further pressure on its cash position. In the long-term it needs to urgently address its cost:output ratios. This comprehensive profile will give you insight into the company's recent financial performance, backed up with evidence to show its strategic direction including a detailed SWOT analysis. Our profiles help professional advisers identify cross-selling opportunities, prepare for pitches and demonstrate an in-depth understanding of clients' issues.