LON - Lonmin - Completion Of Wage Negotiations Wit
LON
LOLMI
LON - Lonmin - Completion Of Wage Negotiations With NUM
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")
17 October 2007
Completion of wage negotiations with NUM
Lonmin announces it has completed a two year wage settlement with the
National Union of Mineworkers (NUM) in respect of its Marikana operations.
This agreement provides for:
- an increase of 10% in the first year effective from 1 October 2007 for
all category 3 to 8 employees plus increases to other benefits; and
- an increase of 8% for the second year.
Lonmin welcomes the new agreement and looks forward to continuing to work
with NUM over the coming years to deliver on our operational and
transformational objectives. Negotiations are continuing with UASA and
Solidarity.
Enquiries:
Alex Shorland-Ball +44 (0)20 7201 6060
Vice President,
Investor Relations & Communications
Date: 17/10/2007 13:00:03 Produced by the JSE SENS Department.
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