LON
LOLMI
LON - Lonmin Plc - Industrial action at Karee
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")
24 May 2011
Lonmin Plc
Industrial Action at Karee
Lonmin Plc, ("Lonmin") announces that it has started the process of dismissing
those employees who have been participating in the unprotected industrial action
at its Karee operations since Tuesday 17th May 2011. This is in line with the
interdict that was granted by the South African Courts to Lonmin on Friday 20th
May 2011.
This unprotected industrial action has arisen as a result of a dispute between
the National Union of Mineworker`s ("NUM") Rustenberg regional office and the
leadership of the local Karee branch of the NUM.
Lonmin`s Karee operations employee around 9,000 people and produce around 17,000
tonnes per day. Once the process of dismissal is complete, Lonmin will commence
a recruitment programme.
A further update will be provided in due course.
ENQUIRIES:
Investors / Analysts:
Tanya Chikanza +27 (0) 11 218 8300
Head of Investor Relations
Media:
Cardew Group +44 (0) 207 930 0777
Rupert Pittman / James Milton
Financial Dynamics +27 (0) 21 487 9000
Dani Cohen / Ravin Maharaj
Date: 24/05/2011 13:43:01 Produced by the JSE SENS Department.
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