Second-quarter Lonmin platinum sales up, six gold mines in provisional liquidation, BRC DiamondCore liquidation hearing

摘要

PLATINUM PRODUCER Lonmin maintained its sales guidance of 700 000 oz for its 2009 financial year, reporting last week that sales in the first half were around 45% of the full-year target and ahead of its initial expectations for the period. Read on page 47 of this edition of Mining Weekly of the company also completing a 575-million dollars debt-refinancing package, comprising 250-million dollars in a revolving credit facility and a 150-million dollars amortising term loan, both maturing in November 2012 in the UK, and a 175-million dollars credit facility in South Africa, maturing in November 2010. Final metal sales for the first half of the 2009 financial year were 311 853 oz of platinum and 583 873 oz of total platinum-group metals, up 8% and 5% respectively on figures for the corresponding period in 2008.