Lonmin

This was a mining division of Lonrho plc and was founded in 1909. Its original name was London and Rhodesian Mining and Land Company Limited. Lonrho strove to over several businesses and became a conglomerate until it acquired its current name.

Lonmin plc has its corporate offices in London, England, UK. It produces Platinum Group Metals (PGMs), which are essential for many applications, a vast range of industries. The core operations are in Bushveld Igneous Complex in South Africa with 11 shafts and incline on site.

Earlier in 2019, the company was acquired by Sibanye-Stillwater. The global mining company was formed in 2013 and is situated in Johannesburg, South Africa. Since its formation, it has had robust operations in various regions mining, diversified precious metals and primarily gold alongside a full suite of PGMs.

Sibanye-Stillwater is listed in NYSE and JSE markets. However, it is still very aggressive and at the forefront of innovation, a significant element in the mining industry.

Latest Lonmin News

UPDATE: Glencore Cuts 2015 Budget, Plans To Divest From Lonmin

Glencore PLC Wednesday said it has revised down its capital expenditure budget for 2015 in response to "the volatile market backdrop" and said production rose across the board during 2014, as it announced it will divest its stake in Lonmin...

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