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LONMIN PLC - TRADING STATEMENT

Release Date: 25/03/2004 08:00
Code(s): LON
Wrap Text

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 Supplied by www.sharenet.co.za Produced by the JSE SENS Department