LONMIN PLC - TRADING STATEMENT
Lonmin Plc
("Lonmin")
(Incorporated in England)
(Registered in the Republic of South Africa under registration number
1969/000015/10)
ISIN code: GB0031192486
Share code: LON
Issuer code: LOLMI
Lonmin Plc
Speaking to industry analysts at meetings in Johannesburg today and in London on
29 March 2004, Lonmin will report that production for the half year is in line
with expectations.
Lonmin will state that significant progress had been made in negotiations with
Impala Platinum ("Implats") to finalise arrangements for the disposal by Implats
of its 27.1% interest in Western Platinum Limited and Eastern Platinum Limited
(which form "Lonplats"). Lonmin said that a further announcement would be made
shortly.
Lonmin will also report that since 22 March 2004 it has experienced a reduction
in the electricity supply to its South African mining complex. This will have
no effect on the half-year production and it is currently anticipated that this
will only have a marginal effect, if any, on full year production. Lonmin is
working with Eskom, the National supplier, to ensure minimum disruption, and is
advised that the problem is expected to be eliminated within the next few weeks.
Lonmin Plc will announce interim results for the six months ended 31 March 2004
on 13 May 2004.
Enquiries:
Anthony Cardew/Olivia Gallimore Cardew Chancery +44 (0) 20 7930 0777
Johannesburg
25 March 2004
Sponsor
Cazenove South Africa (Pty) Limited
Date: 25/03/2004 08:00:07 AM Produced by the JSE SENS Department
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