Lonmin Tops Full-Year Profit Estimates on Costs

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Nov. 11 (Bloomberg) -- Bloomberg’s Manus Cranny reports on results from Lonmin with comments from CEO Ben Magara. He speaks on Bloomberg Television’s “The Pulse.”


Will demand increase?

U.s. sales just slow down a little bit.

The stock is up since the beginning of june.

They had a cracking run.

There are some challenges.

The one thing that worries all minors and miners producing is negotiations.

There are three big players.

They have offered a six percent pay rise, just in line with inflation.

We are at a stalemate with the unions.

They will increase the proportion of black ownership.

That is a constructive step forward.

They are one hundred 50,000 employees in south africa alone.

We have more on the results.

This text has been automatically generated. It may not be 100% accurate.


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