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Lonmin confident it can turn around troubled business

South Africa-focused platinum producer Lonmin is pulling every lever to try to restore confidence in its ailing business, including reopening a major shaft and expanding its biggest operation, its chief executive said. Lonmin, one of the world’s top platinum producers, has been in the doldrums for years due to low prices and soaring costs, leading the company to tap investors for cash three times in the last eight years.