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Lonmin Plc - Sale of Zimbabwe Gold Assets

Release Date: 29/10/2002 08:58
Code(s): LON
Wrap Text

Lonmin Plc - Sale of Zimbabwe Gold Assets LONMIN PLC ISIN code GB0031192486 28 October 2002 Sale of Zimbabwe Gold Assets Lonmin Plc announces the completion of the sale of its gold mining interests in Zimbabwe to Pemberton International Investments Limited, a company in which Mr Mzi Khumalo is interested, for a cash sum of US$15.5 million. The sale is in line with the Group`s stated strategy to focus on platinum group metals. In completing the sale the Group acknowledges the efforts of the entire management team in Zimbabwe in the context of the recent difficult operating conditions. Press Anthony Cardew, +44 (0)20 7930 0777 enquiries: Cardew&Co. This press release is available on http:www.lonmin.com Date: 29/10/2002 08:57:00 AM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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