Illegal strikes at mine cause death and delays for Lonmin

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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