Lonmin to Defer Sale of as Much as 90,000 Ounces of Platinum to Next Year

(Bloomberg) -- Lonmin Plc, the world's third-
biggest platinum producer, said it will delay the sale of as
much as 90,000 ounces of platinum until its next financial year
because of a breakdown at one of its plants. The shares fell.

Full-year sales will be between 820,000 ounces and 840,000
ounces and costs will rise, the company said today in a
statement distributed by the Regulatory News Service. The
company will delay the sale rather than have rivals refine its
ore to maximize profit.


Read more at Bloomberg Emerging Markets News