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Lonmin's surprise covenant arc

While talk this week focuses on the exit of Lonmin (LN:LMI) COO Dan Loomin from the struggling company, Liberum Capital has said the company might be closer to failing its financial obligations than previously thought.

Lonmin's surprise covenant arc Lonmin's surprise covenant arc Lonmin's surprise covenant arc Lonmin's surprise covenant arc Lonmin's surprise covenant arc

Lonmin is considering operational options as it grapples with low PGM prices

The platinum group metals producer has had to deal with the deadly combination of high costs at its operating mines and low prices in the sector.