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Lonmin suspends operations at Marikana mine

Shares in Lonmin, the world's third largest platinum producer, took a hit on Tuesday after the group suspended all work at its Marikana mine following a refusal by employees to go underground, despite arriving at work.

Shares in Lonmin, the world's third largest platinum producer, took a hit on Tuesday after the group suspended all work at its Marikana mine following a refusal by employees to go underground, despite arriving at work.

The strike follows a weekend of violent outbreaks in the Rustenberg region, which saw two people from the neighbouring community killed.

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A spokesperson for the company said all of the 13 shafts are currently not operational and said the specific reason for the stoppage is not clear.

The share price dropped 6.99% to 266p by 09:20 Tuesday.

NR

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