(Bloomberg) -- Shares of Lonmin Plc fell the most
since at least 1999 after the platinum producer cut its sales
forecast following a breakdown at one of its plants that
prompted it to delay deliveries of the metal.
Sales of as much as 90,000 ounces of platinum, or about a
10th of its production, will be delayed until the next financial
year starting Oct. 1, the company said today in a statement.
Lonmin said in May it would process stockpiled ore to make up
the shortfall following the December furnace leak.
Read more at Bloomberg Emerging Markets News
since at least 1999 after the platinum producer cut its sales
forecast following a breakdown at one of its plants that
prompted it to delay deliveries of the metal.
Sales of as much as 90,000 ounces of platinum, or about a
10th of its production, will be delayed until the next financial
year starting Oct. 1, the company said today in a statement.
Lonmin said in May it would process stockpiled ore to make up
the shortfall following the December furnace leak.
Read more at Bloomberg Emerging Markets News
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