Lonmin launches rights issue without Xstrata backing
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Emerging Markets

Lonmin launches rights issue without Xstrata backing

South African platinum miner Lonmin on Friday set terms on a $817m rights issue which will offer the largest discount to the theoretical ex-rights price on a UK deal since 2009, but concerns remain over whether major shareholder Xstrata will take part after Lonmin rejected a takeover bid.

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