Wednesday, April 25, 2007

Lonmin's First-Half Platinum Sales Decline 28 Percent on Smelter Rebuild

(Bloomberg) -- Lonmin Plc, the world's third- largest platinum producer, said sales of platinum-group metals dropped 28 percent in the first half after it decided to repair a leaking furnace.

Lonmin's refined platinum sales fell 25 percent to 273,191 ounces in the six months through March 31, from a year earlier, the London-based company said today in a statement. Sales of palladium slipped 27 percent to 124,884 ounces and rhodium sales declined 38 percent to 37,170 ounces.


Read more at Bloomberg Emerging Markets News

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