Lonmin posts $326 mln loss after strike, sees opportunities to improve
LONDON, Nov 10 (Reuters) - South Africa's Lonmin (LSE: LMI.L - news) met analysts' forecasts with a $326 million annual pre-tax loss on Monday hurt by a five-month mining strike but said a review it recently concluded highlighted opportunities to improve its performance.
Along with its peers in South Africa, Lonmin, the world's third-largest platinum producer, has been battered by labour unrest overs wages, rising costs and weak platinum prices.
The London-listed mining company posted a pre-tax loss of $326 million for the year to the end of September, compared with a profit of $140 million a year earlier and within a range of forecasts calling for a loss of $257 million to $565 million in a Reuters poll of five analysts.
(Reporting by Silvia Antonioli; editing by Jason Neely)