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Lonmin Plc - AGM Statement

Release Date: 25/01/2002 15:02
Code(s): LON
Wrap Text

ISIN code  GB0002568144                   25 January 2002
Lonmin Plc
AGM Statement

Speaking at the Annual General Meeting of Lonmin Plc Chairman Sir John
Craven said: "the results of the Company for the year to September 30 2001
were very satisfactory.  They were flattered by a sharp and unsustainable
rise in the prices of all the Platinum Group Metals early in the year.
Prices did recede in the latter part of the year but I am pleased to say
they have, in the main, remained stable albeit at lower levels over the last
several months, notwithstanding a general weakening in the major world
economies which was in train even before the events in New York and

Washington in early September and has since accelerated.  I see no reason to
question the stability of prices at their new levels, which continue to
yield satisfactory returns."
END

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