Lonmin Plans to Write Down Assets by as Much as $2.05 Billion

  • Company asset value will be as little as $1.6 billion
  • Shares of platinum producer are down 84 percent in 2015

Lonmin Plc Mining Buildings In Marikana

Photographer: Dean Hutton/Bloomberg

Lonmin Plc, the world’s third-largest platinum producer, will write down the value of its assets by more than half, the latest sign of the shrinking mining industry in a new era of lower prices.

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