Impairment move inflates Lonmin losses
By Zandi Shabalala - 23 January 2018
[caption id="attachment_236007" align="aligncenter" width="630"] A mine worker returns from the Lonmin mine outside Rustenburg after his shift
Picture: Reuters[/caption]
Results will not affect Sibanye takeover
South African miner Lonmin announced a $1.1-billion (R13-billion) impairment charge yesterday due to weaker platinum prices and a firmer rand, plunging it deeper into operating losses ahead of its planned takeover by rival Sibanye-Stillwater.
