Monday 17 June 2019
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allafrica - 5 days ago

South Africa: Obituary - After the Marikana Massacre, the Writing Was On the Wall for Lonmin

[Daily Maverick] Lonmin, which at one time was the world s third-largest platinum producer, died on Friday, 7 June, at the age of 110. This script was not set in stone. The company faced many of the challenges that confronted its rivals, some of whom are now thriving. These included depressed prices, unyielding geology, and waves of social and labour unrest. In the end, the boardroom dug its own grave as a series of poor management decisions ultimately laid the company to rest.


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