Shares in African miner Lonmin dive after violence

Mining   Mining
By The Associated Press on August 17, 2012

LONDON (AP) — Shares in platinum miner Lonmin PLC fell as much as 8 percent Friday after it was revealed that South African police officers killed more than 30 striking miners at the company's platinum mine.

Since violence broke out last weekend at the Marikana mine, 60 miles (100 kms) west of Pretoria, shares have fallen by as much as 20 percent, at one time wiping some 390 million pounds ($610 million) off the company's market value.

Tags: 
Lonmin PLC
Mangwashi Victoria Phiyega
platinum miners
strikers
Marikana mine
EnergyGuardian is a subscription energy news service. Sign up below to apply for a free 14-day trial. If approved, you will receive an email from us to activate your account and enable access to this Web site and delivery of our enhanced morning, afternoon and breaking news alert emails.

If you have questions, please email sales@packardmedia.com.

To start your free 14-day trial, fill in the form below.

News from Around the World

Oil

Watchdog: IG probing conflicts of interest in Keystone review

Source: 
The Hill
Liberal watchdog group Checks and Balances Project said the State Department inspector general is investigating potential conflicts of interests in the department's environmental review of the Keystone XL pipeline, The Hill reports.
Link
Policy

Tomblin joins effort to block EPA climate change rules

Source: 
The Charleston Gazette
West Virginia Gov. Earl Ray Tomblin and Attorney General Patrick Morrisey joined a push to have the Supreme Court rule to overturn EPA greenhouse gas regulations, The Charleston Gazette reports.
Link
Oil

Kaine optimistic for White House support of offshore bill

Source: 
The Hill
Sen. Tim Kaine, D-Va., voiced optimism that President Obama would not veto his bill to authorize oil and gas drilling off the coast of Virginia, The Hill reports.
Link
Policy

Key weather-forecasting satellite fails

Source: 
Reuters
The National Oceanic and Atmospheric Administration said a key satellite tasked with tracking severe eastern weather failed and a spare has been activated, Reuters reports.
Link
Petrochemicals

Chemical safety bill wins 20 co-sponsors

Source: 
The Hill
The new chemical safety compromise bill introduced by Sens. David Vitter, R-La., and Frank Lautenberg, D-N.J., now has 20 co-sponsors, The Hill reports.
Link
Policy

Efficient buildings program saved $58 million last year

Source: 
The Journal Sentinel
Participants in the Energy Department's Better Buildings Challenge, designed to reduce energy consumption at buildings, saved about $58 million in energy costs last year, The Journal Sentinel reports.
Link
Renewable Energy

Gov. Dayton approves Minn. solar bill

Source: 
Midwest Energy News
Minnesota Gov. Mark Dayton signed a bill projected to expand state solar energy generation thirtyfold by the end of 2020, Midwest Energy News reports.
Link
Politics

Gomez, Markey talk McCarthy nomination battle

Source: 
State House News Service
In a Q&A with State House News Service, Massachusetts Senate candidates Rep. Ed Markey, D, and Gabriel Gomez, R, give their take on the Senate battle to confirm EPA nominee Gina McCarthy.
Link
Renewable Energy

Interview: Patrick talks Mass. energy policy

Source: 
GreenBiz.com
In an interview with GreenBiz.com, Massachusetts Gov. Deval Patrick discusses his vision for his state's energy policy, including his plans for offshore wind generation.
Link
Electricity

Cuomo's Long Island Power plan unpopular with investors

Source: 
Bloomberg
New York Gov. Andrew Cuomo's plan to reform the Long Island Power Authority over flaws exposed by Hurricane Sandy is unpopular among municipal bond investors, Bloomberg reports.
Link
  • © 2013 Packard Media Group LLC
  • All Rights Reserved