South Africa's third largest platinum mining company, Lonmin may face closure. Lonmin reportedly said it may have to stop trading if investors don’t inject more money into the company.
Stephen Grootes spoke to mining analyst Mamokgethi Molopyane about the seriousness of the situation.
Listen to the conversation below:
The company is going through a really difficult time... They are preparing for the worst and they are heading for difficult times... I do not think at this rate they would shut down operations completely.— Mamokgethi Molopyane, mining analyst
This article first appeared on 702 : Lonmin caught between rock and hard place - analyst