Lonmin may need capital injection as South African strike continues

Miners on strike chant slogans as they march in Nkaneng township outside the Lonmin mine in Rustenburg May 14, 2014. REUTERS/Siphiwe Sibeko

LONDON (Reuters) - Platinum producer Lonmin may soon need to raise capital to survive South Africa's longest and costliest mining strike, which has paralysed its operations and slashed its revenue.

As prospects dim for a quick resolution to the strike, Lonmin risks running out of cash towards the end of the year, possibly forcing it to shut up shop unless it gets a fund injection and takes steps to save money, analysts and market sources said.