Lonmin Plc - Western Platinum Smelter
NEWS RELEASE
ISIN code: GB0031192486
7 January 2003
Lonmin Plc
Western Platinum Smelter
Lonmin announces that on December 26th 2002, an accident occurred at the No.1
furnace at the Western Platinum smelter. This resulted in a run-out of slag and
matte which was accompanied by an explosion causing serious damage to the
furnace. There were no injuries to personnel and the furnace was taken off-line
for further investigation, which has now commenced.
Contingency plans to deal with such an event were in place and are now
operating. The UG2 and Merensky concentrates will be processed through Western
Platinum`s three Pyromet furnaces and through the Merensky furnace respectively
and toll refining will be used as necessary.
The smelter is covered under our asset protection insurance progamme, which
includes losses associated with business interruption.
It is anticipated that some loss of production will be suffered and additional
costs incurred. A further announcement will be made in due course.
End
For further information contact:
CardewChancery
Anthony Cardew / Jackie +44 (0)20 7930 0777
Range
ISSUED BY LONMIN PLC
4 GROSVENOR PLACE, LONDON SW1X 7YL
TEL +44 (0)20 7201 6000 FAX +44 (0)20 7201 6100
Date: 07/01/2003 01:51:01 PM Produced by the JSE SENS Department
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