Advertisement
UK markets closed

  • FTSE 100

    8,213.49
    +41.34 (+0.51%)
     

  • FTSE 250

    20,164.54
    +112.21 (+0.56%)
     

  • AIM

    771.53
    +3.42 (+0.45%)
     

  • GBP/EUR

    1.1652
    -0.0031 (-0.26%)
     

  • GBP/USD

    1.2546
    +0.0013 (+0.11%)
     

  • Bitcoin GBP

    50,730.16
    +1,453.23 (+2.95%)
     

  • CMC Crypto 200

    1,359.39
    +82.41 (+6.45%)
     

  • S&P 500

    5,127.79
    +63.59 (+1.26%)
     

  • DOW

    38,675.68
    +450.02 (+1.18%)
     

  • CRUDE OIL

    77.99
    -0.96 (-1.22%)
     

  • GOLD FUTURES

    2,310.10
    +0.50 (+0.02%)
     

  • NIKKEI 225

    38,236.07
    -37.98 (-0.10%)
     

  • HANG SENG

    18,475.92
    +268.79 (+1.48%)
     

  • DAX

    18,001.60
    +105.10 (+0.59%)
     

  • CAC 40

    7,957.57
    +42.92 (+0.54%)
     
MONEY:

Best savings accounts that offer above inflation rates

Where to find a top-rated deal that works for you

Higher stocks give Lonmin breathing space during strike -CEO

Reuters - UK Focus

CAPE TOWN, Feb 4 (Reuters) - Higher stocks than usual are helping South African platinum producer Lonmin (LSE: LMI.L - news) to cope with mining strikes that are currently paralising its production, Lonmin's chief executive said on Tuesday.

Lonmin, the world's third-biggest platinum producer is currently losing about 3,100 ounces of refined output per day because of the strike over wages, which started almost two weeks ago.

"We have been very fortunate in the sense that the performance of 2013 gave us some breathing space," Lonmin Chief Executive Ben Magara told Reuters.

"In terms of our inventories, in the first quarter we have produced more than we have sold because we really wanted to just make sure that we had some arrangements to meet our customers' (demand) and make sure that that relationship is sustained."