Lonmin 'has not met obligations'
Platinum producer Lonmin has not met its obligations under the mining charter, according to a report on recent violence at its mine in Marikana, North West.
Lonmin PLC, a producer of platinum-group metals, Tuesday urged shareholders to vote for a rights issue to reduce its debt, saying the company may otherwise be unable to comply with its financial covenants and adding that failure to proceed would leave the company in a vulnerable position in talks with its banking group.