20/08/2012 World Business Report

approaches for striking miners to go back for work. But the impact on

Lonmin's bottom line is visible. Now it is time for World Business

Report. Return to work or you are fired -

Lonmin gives the order to striking workers at its South African mine

where a 34 people were shot dead last week.

It's make-or-break for cat research in cat motion, as it reveals a new

phone -- Research in Motion. If Qantas is set to report its first

annual loss since 1995. It's see each boat will forgo his

bonus. -- its CEO.

Lonmin has ordered its 3,000 striking staff to return to work on

Monday or face the sack. The strike began 10 days ago. It is

one of the world's biggest platinum mines, and the prospect of a

prolonged shutdown has rattled the commodity markets. Last week the

price of platinum jumped 4%, up to around recent highs. Shares in

Lonmin, the mind's owner, have tumbled. -- mine's.

Many fakes were being here. -- Many thanks for. What is in store for

Lonmin if the 3,000 striking miners decide not to turn up for work this

morning? We have heard they had described the directive as

insulting. We certainly think that the company

will be under pressure going forward. If the miners continue on

with this strike, an every possibility that that will

happen, we would expect that Lonmin's production from here on

will be severely impacted. They were looking at producing something

like 750,000 ounces of platinum this year. That certainly would be

reached. We think, going forward, that Lonmin is trying to reduce its

costings as we have seen the price of platinum over the last 3-4

months fall away. Let's talk about that cost of platinum. We have

already talked about the fact that it has jumped more than 4%. What

will happen going forward with regards to this strike, with

Lonmin? They are a FTSE 100 company, they're a big player. Yes, they

certainly are. We would expect that his production is disrupted for

some time at their mines, we would see the price of platinum rising.

They produce around 750,000 ounces per annum. That is a significant

portion of the total of about 8 million it else's that was produced

in 2011. -- ounces.... Law Sunday Times newspaper has reported that

Lonmin is considering a $1 billion emergency fundraising attempt to

recoup some of the losses. Lonmin has dismissed this as speculation.

What you make of it? Companies cannot continue to operate if they

are not receiving cash flow. If this strike does continue for some

time, obviously the ability to produce and to sell commodity will

dry up. That cash revenue has to come from somewhere else. It would

be potentially the correct approach for Lonmin to have some type of

capital raising to replenish its working capital. It's not

surprising that we would be expecting news or gossip to come

out that Lonmin will perhaps have an equity raising. Many thanks for

speaking to us. This could be a make-or-break week

for Research in Motion. They will reveal a new version of their

headlining phone on Sunday. They are hoping it will create enough

sales to revive their flagging fortunes. The company has struggled

to stay ahead in a competitive market for mobile phones.

For decades, the world's telecom industry was slow to introduce new

telephones. The same handset stayed in service for years, familiar from

one generation to another. Here is a handy thing to take to a picnic...

All that changed with the introduction of the cellphone.

Today, we changed our might phones often. It seems fashion is just as

important as function. The blackberry's popularity with

business people and teenagers made Research in Motion a strong

competitor. However, smart phones using other technology are now more

popular.... There is no doubt the financial markets are losing

confidence in the company's strategy. Over the last year,

investors had deserted the company, and their shares have lost more

than three-quarters of their value. Technology analysts believe that

the unveiling of an early version of the next back very is key to the

company's future. -- blackberry. For some people, it's still popular

phone. But for these people, their next purchase will probably be a

different phone. That is the challenge for blackberry now, do

have another device that is ready for existing users when they come

to buy a new handset. To say, yes, I'm going to get the new Blackberry,

instead of a iPhone. When it comes to smartphone, it is at a

competitive market. The blackberry device seems to have fallen out of

favour with business people, and, perhaps more importantly, teenagers.

This is a sobering lesson for the company. The success of the next

Blackberry device could be make or break for Research in Motion.

Joyce, has announced he will forgo any bonus or pay rise -- boss. He

executives from Australian companies who are doing the same.

It has been It has beenantas, hasn't it? Soaring fuel costs and

the rising the rising n dollar. This is a strong statement from Alan

Joyce. Joyce. Absolutely. A potential sharp drop

in profits for the f which ends on 30th June is the key

reason the chief executives are saying this. He said "it is

appropriate that when a company's earnings go down, the executives

blew up -- executives' pay should go down as well". The airline has

announced various restructuring measures due to losses. It is

planning to split its international separate entities. Its share price

has jumped by 35% since April of indicates that further cost-cutting

measures may be introduced soon. The company says that his decision

displays his commitment to reinvigorate the business, even if

it creates personal sacrifices. Let's have a look at the markets.

In Asia fortunes are mixed at the moment. We can see the Nikkei is on