| Thu 23 Jan 2014, 12:12 | | LONMIN PLC - Protected Strike Action |
|
LON 201401230021A
Protected Strike Action
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")
23 January 2014
Protected Strike Action
Lonmin Plc (“Lonmin” or “the Company”) confirms, that following the receipt of The Association of
Mineworkers and Construction Union’s (“AMCU”) notice of intention to strike on Monday 20th
January, its AMCU member employees have today, Thursday 23rd January, embarked upon
protected strike action. The South African labour relations legislation “no work – no pay” principle
applies.
Lonmin remains committed to finding a positive and sustainable resolution to the dispute in the
interests of all its stakeholders and management continues to engage at all levels to seek
agreement.
The Company expects losses to be in the region of 3,100 platinum ounces per day during the strike.
The Company will make further announcements on the development of the strike, and the
consequential impact on production and operations, as and when appropriate.
Announcements relating to the situation can be found on Lonmin’s website at
http://www.lonmin.com
- ENDS -
ENQUIRIES
Investors / Analysts:
Lonmin
Ruli Diseko +27 83 656 2839
Sue Vey +27 72 644 9777
Media:
Cardew Group
Anthony Cardew / James Clark +44 20 7930 0777
Sponsor: JP Morgan Equities South Africa (Pty) Ltd
Notes to editors
Lonmin, which is listed on both the London Stock Exchange and the Johannesburg Stock Exchange, is
one of the world's largest primary producers of PGMs. These metals are essential for many industrial
applications, especially catalytic converters for internal combustion engine emissions, as well as
their widespread use in jewellery.
Lonmin's operations are situated in the Bushveld Complex in South Africa, where nearly 80% of
known global PGM resources are found.
The Company creates value for shareholders through mining, refining and marketing PGMs and has a
vertically integrated operational structure - from mine to market. Lonmin's mining operations
extract ore from which the Process Division produces refined PGMs for delivery to customers.
Underpinning the operations is the Shared Services function which provides high quality levels of
support and infrastructure across the operations.
For further information please visit our website: http://www.lonmin.com
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