LON
LOLMI
LON - Lonmin - Smelter Update
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")
Smelter Update
Lonmin announces that, due to a number of furnace bricks failing certain
capability tests, the rebuild timetable for the Number One furnace has now been
extended to around 135 days, including furnace warm up, with the first matte tap
now forecast to take place at the end of April 2007.
In order to mitigate this delay, we have accelerated the start up of our newly
re-commissioned Merensky furnace and expect the first matte tap from this
furnace around 9 March 2007. Following the completion of the Number One furnace
rebuild, we will run the Merensky furnace in parallel with the Number One
furnace and, as required, our Pyromet furnaces.
Our full year sales forecast remains between 980,000 and 1,000,000 ounces of
Platinum. These sales will consist of around 835,000 ounces of refined Platinum
from Lonmin`s own metallurgical facilities, around 125,000 ounces of toll
refined Platinum and between 20,000 and 40,000 ounces of semi refined Platinum
sales.
The estimate for the repair and extra metallurgical division costs for the full
year is now around US$7.8 million (R55 million).
Enquiries:
Alex Shorland-Ball +44 (0)20 7201 6060
Vice President,
Investor Relations & Communications
22 February 2007
Date: 22/02/2007 09:00:06 Produced by the JSE SENS Department.
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