Lonminhas warned it might need to raise fresh capital after the shutdown of its South African mine amid bloody clashes set it on course to breach its debt covenants.
The London-listed miner is forecast to lose production equivalent to about 7 per cent of last year’s output.
This compounds a 20 per cent fall in the platinum price over the past year caused by slumping demand from carmakers, who are the precious metal’s main consumers.
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