Lonmin
Article Abstract:
Lonmin is a mining company that specalizes in coal, gold and platinum, and was previously a conglomerate. More than half of the group's profit comes from metals in the platinum group, and demand for platinum metals could rise as a result of the growth of fuel cells. Supply should become more stable since Russian supplies have diminished, so are less likely to destabilize the market. The group also holds 68% of Duiker Mining, giving exposure to coal, and goldmining stakes in Ghana and Zimbabwe.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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A 21st-century investment
Article Abstract:
Fuel cell technology offers pollution-free vehicles, and the potential of this technology makes it attractive to investors. Platinum is used in fuel cells, and one way of investing in this area is to invest in platinum mining stocks. The demand for platinum is likely to increase as fuel cells become more widespread, but platinum mining stocks are a risky investment. Companies in this sector include Anglo American Platinum, the largest producer, Impala Platinum and Northam Platinum.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1999
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Lonmin
Article Abstract:
Lonmin has sold Duiker Coal, and have moved away from its former role as a conglomerate to focus on gold and platinum. Platinum, which has an excellent outlook, accounts for the bulk of the company's earnings. Williams de Broe rates the company's stocks a buy, as do SG Securities and Merrill Lynch. Platinum group metals are likely to experience strong demand, and the sector is less likely to be affected by business cycles than other metals and mining activities.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 2000
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