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sabato 29 agosto 2015

Platinoidi: La sudafricana Lonmin lavora in perdita a questi prezzi


Il terzo più grosso produttore di platinoidi al mondo, la sudafricana Lonmin, lavora in perdita a questi prezzi



Mining.com - Lonmin loses money even after lowering costs, Barclays says
At current metal prices, its still operating at a loss.

Lonmin Plc, the worst performer on the FTSE All-Share Index this year, is still losing money at spot platinum-group metals prices even as the company cuts spending and closes unprofitable operations, Barclays Plc said.

Lonmin’s year-to-date cash costs were 10,499 rand ($804) an ounce through July and will stay below its own 10,800 rand forecast for the rest of the year, the Johannesburg-based producer said Thursday in a statement. Revenues are at 9,473 rand an ounce for Lonmin’s metals at current spot prices, according to a Barclays note.

The world’s third-biggest platinum producer has been operating at a loss as prices of platinum, used to clean vehicle emissions and for jewelry, trade near a six-year low. The company is attempting to restructure its operations by reducing capital spending and cutting a potential 6,000 jobs.

“Despite making material steps to reduce headcount and cash burn, Lonmin remains significantly cash flow negative at spot prices,” Barclays analysts led by Andrew Byrne wrote in the note.

Of the 6,000 workers set to lose their jobs under Lonmin’s plans, 1,400 have already left, the company said. It will cut 100,000 ounces of high-cost production in the next two years. (...)

4 commenti:

  1. e la stessa Lonmin consiglia (disinteressatamente) ai BRICS di adottare un Platinum Standard

    http://www.mineweb.com/news/platinum-group-metals/lonmin-keen-on-promoting-platinum-as-brics-reserve-currency/

    RispondiElimina
  2. BLOOMBERG – Lonmin Plc, the worst performer on the FTSE All-Share Index this year, said the cost of mining platinum- group metals will be cheaper than previously forecast for the producer, which is cutting spending and closing loss-making operations.

    Lonmin’s year-to-date cash costs were 10,499 rand ( >>> $803 <<< ) an ounce through July and will remain below its 10,800 rand estimate for the rest of the year, the Johannesburg-based company said Thursday in a statement. Of 6,000 workers that were set to lose their jobs from restructuring, 1,400 have left the business, it said.

    The world’s third-biggest platinum producer has been looking for ways to renegotiate about $563 million in debt facilities. It’s been operating at a loss as prices of platinum, used to clean vehicle emissions and for jewelry, trade near a six-year low. The stock has plunged 80 percent this year. ...

    http://www.mineweb.com/news/platinum-group-metals/lonmins-mining-costs-beating-forecast-as-1400-workers-depart/#at_pco=tst-1.0&at_si=55e436117c96492d&at_ab=per-2&at_pos=1&at_tot=2

    RispondiElimina
    Risposte
    1. pero' non si capisce bene, pare che il cash cost (che non e' l'AISC!) di 800 dollari l'oncia sia per tutto il gruppo del platino (?) e non solo per il platino ..

      Elimina
    2. Le azioni Lonmin giu' dell'80% solo quest'anno (OTTANTA PER CENTO SOLO NEGLI ULTIMI 8 MESI !) ...

      Elimina