lonminlogo thumb medium90 90In a short note on Thursday, Reuters reported that platinum producer Lonmin and precious metal group Sibanye-Stillwater said on Thursday that more than 12,000 jobs would be cut over the next three years following a $382 million takeover of Lonmin by Sibanye-Stillwater.  

Lonmin, the world’s third biggest platinum producer, has faced the combined pressures of low platinum prices and challenges of operating in South Africa, where laying off workers to improve profitability is a fraught issue.

This short note is at Reuters


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