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Glencore's exit was clearly a no confidence vote on the sector but foremost on a company that is disadvantaged versus the other big players, the situation is critical. Raising capital now will put pressure on the share price and as the highest-cost of the big producers, Lonmin is the first to feel the pain and the need to restructure.

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    Quiz

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    In which movie does this quote appear: "Long live the King" ?
    A The Lion King
    B Four Kings
    C The King and Four Queens
    D Arthur the King