Lonmin under pressure after Glencore stake transfer to shareholders

Shares in Lonmin fell by 5% on Friday and were set for their biggest weekly loss in almost three months after Glencore handed over its stake to its shareholders this week, highlighting investor concern over South Africa's troubled platinum sector. Mining and commodity trading house Glencore had inherited the 23.9% stake in platinum producer Lonmin through the purchase of Xstrata in 2013 but said platinum was not one of its core commodities.