Platinum group metals (PGMs) producer Lonmin has reported a 'serious and ongoing outbreak of violence' at its West Marikana mine operations in South Africa, killing seven Lonmin workers and two policemen.
The violence is the result of a dispute between rival unions.
Production has been "severely disrupted" since Friday August 10th following an illegal strike by Rock Drill Operators and increased incidences of violence and intimidation since then.
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The firm said it will make further announcements as matters develop and as the impact on production and operations becomes clearer.
The share price lost 4.32% to 709p by 10:51, taking the total decline to almost 40%, or 457p, in the past year.
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Radical reforms to state pension age and guaranteed payouts proposedThe state pension age should rise by one year every decade “for the foreseeable future” to make the payments more affordable, former pensions minister Steve Webb has suggested
