LONDON -(Dow Jones)- Lonmin PLC (LMI.LN), the world's third-biggest platinum miner, Wednesday cautioned that it may miss its full year platinum sales target after an equipment break-down earlier this month.
Operations at the miner's Number One furnace are expected to resume by mid-July, but the company may be forced to defer up to 20,000 troy ounces of platinum processing into its next fiscal year due to the malfunction, Lonmin said Wednesday.
"As a consequence of the shutdown, it is estimated that at Sept. 30, 2009, there could be an increase in metal in process of up to 20,000 ounces of platinum," the miner said.
Click here to read more about Lonmin's platinum sales target.
