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Lonmin Plc
Exclusive: Lonmin CEO denies job cuts plan, says focus is on ramp up

JOHANNESBURG/LONDON (Reuters) - The chief executive of platinum producer Lonmin denied assertions from mining industry sources on Monday that the company aimed to cut around 5,700 jobs as part of a drive to restore profits after a five-month strike. "There are no plans like that. Our priority is to ramp up production," Chief Executive Ben Magara told Reuters. He did not provide further comment. Two mining industry sources, one in London and the other in Johannesburg, told Reuters earlier that the proposed plan would see the closure of four to six of the company's 11 shafts. The company, the world's third-largest producer of the precious metal used for emissions-capping...