LON - Lonmin - Industrial action at Marikana Opera
LON
LOLMI
LON - Lonmin - Industrial action at Marikana Operations
Lonmin Plc
(Incorporated in England and Wales)
(Registered in the Republic of South Africa under registration number
1969/000015/10)
JSE code: LON
Issuer Code: LOLMI & ISIN: GB0031192486
("Lonmin")
21 August 2007
Industrial action at Marikana Operations
Lonmin announces that the National Union of Mineworkers (NUM) commenced an
unprotected strike action at the Group`s Marikana operations on Sunday
evening, in contravention of a court order. NUM has declared a dispute
with Lonmin in relation to the implementation of the SAP payroll system
across the Group`s operations.
The SAP implementation at the Group`s operations was a strategic decision
required to modernize the Group`s reporting systems. Lonmin is committed
to resolving issues with NUM that have negatively impacted employees as a
result of the implementation and regrets the local branches` decision to
engage in this unprotected activity.
The impact on our production and sales for the full year to 30 September
2007 and 2008 will be reviewed once this dispute is resolved. The loss of
one day`s production from Marikana equates to around 3,400 Platinum ounces.
Enquiries:
Alex Shorland-Ball +44 (0)20 7201 6060
Vice President,
Investor Relations & Communications
Date: 21/08/2007 16:22:42 Produced by the JSE SENS Department.
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