Reuters reported that Global miner Xstrata still saw value in its investment in Lonmin despite a significant underperformance in the platinum producer's share price against the sector this year.

Xstrata owns almost 25% of Lonmin after a 2008 cash bid was derailed by the financial crisis.

Mr Mick Davis CEO of Xstrata "It is not earning a return commensurate with what the cash should earn. We still believe Lonmin represents a significant amount of value, we just don't know at the moment how to capture that value. When we work that out we will let you know."

(Sourced from Reuters)