Lonmin Plc

Lonmin Plc

Sector: Miscellaneous Metal Ores Not Elsewhere Classified Region: United Kingdom

: | Johannesburg Securities Exchange: LON | London Stock Exchange: LMI | OTC Markets: LNMIY

Similar to: Fortune Minerals Ltd., Hard Creek Nickel Corp.

Lonmin Plc engages in discovery, extraction, refining and marketing of platinum group metals. These metals are essential for many industrial applications, especially catalytic converters for internal combustion engine emissions, as well as their widespread use in jewelers. It operates its business through three segments: Platinum Group Metals (PGM) Operations Evaluation and Exploration. The Platinum Group Metals Operations segment comprises the activities involved in the mining and processing of PGMs, together with associated base metals, which are carried out entirely in South Africa. The Evaluation segment covers the evaluation through pre-feasibility of the economic viability of newly discovered PGM deposits. The Exploration segment covers the activities involved in the discovery or identification of new PGM deposits. The company was founded on May 13, 1909 and is headquartered in London, the United Kingdom.

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