17 August 2012 Last updated at 05:25 ETContinue reading the main story Lonmin says it "deeply" regrets the deaths at its Marikana platinum mine in South Africa after clashes between police and strikers.
More than 30 people were killed on Thursday when police opened fire after failing to disperse strikers armed with clubs and machetes at the mine.
The mine has been at the centre of a pay dispute, made worse by tensions between rival trade unions.
Shares in Lonmin fell by more than 5% on Friday morning before recovering.
The company's share price has fallen by more than 12% since the clashes began and is now at its lowest level for more than three-and-a-half years.
ReputationIn a statement, Lonmin chairman Roger Phillimore said: "We are treating the developments around police operations... with the utmost seriousness.
"It goes without saying that we deeply regret the further loss of life in what is clearly a public order rather than labour relations associated matter."
Speaking on Thursday, President Jacob Zuma said he was "shocked and dismayed at this senseless violence".
Gideon du Plessis, general secretary of South African trade union Solidarity, said the country would suffer huge losses as a result of the clashes at the mine.
"South Africa's reputation as a stable investment destination is negatively affected by the violence, not only in the platinum industry but in general," he said.
On Thursday, Lonmin had said that the strike meant it would lose 15,000 ounces of platinum production, and as a result it was unlikely to meet its production target for the full year.
More than 30 people were killed on Thursday when police opened fire after failing to disperse strikers armed with clubs and machetes at the mine.
The mine has been at the centre of a pay dispute, made worse by tensions between rival trade unions.
Shares in Lonmin fell by more than 5% on Friday morning before recovering.
The company's share price has fallen by more than 12% since the clashes began and is now at its lowest level for more than three-and-a-half years.
ReputationIn a statement, Lonmin chairman Roger Phillimore said: "We are treating the developments around police operations... with the utmost seriousness.
"It goes without saying that we deeply regret the further loss of life in what is clearly a public order rather than labour relations associated matter."
Speaking on Thursday, President Jacob Zuma said he was "shocked and dismayed at this senseless violence".
Gideon du Plessis, general secretary of South African trade union Solidarity, said the country would suffer huge losses as a result of the clashes at the mine.
"South Africa's reputation as a stable investment destination is negatively affected by the violence, not only in the platinum industry but in general," he said.
On Thursday, Lonmin had said that the strike meant it would lose 15,000 ounces of platinum production, and as a result it was unlikely to meet its production target for the full year.