Impairment move inflates Lonmin losses

[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.