Commodities

The world’s third-largest platinum miner, Lonmin (LSE:LMI), announced its six-month results this morning.  The news was a far cry from the year-end results they published on 09 November 2012.  The thing that stood out the most last November was Chairman Roger Phillimore’s statement that “The publication of today’s results closes a painful chapter in Lonmin’s […]

How bold does a CEO have to be to say, “Our performance in the quarter reflects the results of the management action we have taken,” when the performance  was a net loss of $345 million? I’d say he’d have to be even bolder to make that statement especially when the company made a net profit […]