Lonmin's Mining Costs Beating Forecast as 1,400 Workers Depart

Updated on
  • Cash flow negative at current spot platinum prices: Barclays
  • Company's costs lower than 10,800 rand an ounce this year

Lonmin Plc, the worst performer on the FTSE All-Share Index this year, is still losing money at spot platinum-group metals prices even as the company cuts spending and closes unprofitable operations, Barclays Plc said.

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