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Lonmin Plc - Western Platinum Smelter

Release Date: 07/01/2003 13:51
Code(s): LON
Wrap Text

Lonmin Plc - Western Platinum Smelter NEWS RELEASE ISIN code: GB0031192486 7 January 2003 Lonmin Plc Western Platinum Smelter Lonmin announces that on December 26th 2002, an accident occurred at the No.1 furnace at the Western Platinum smelter. This resulted in a run-out of slag and matte which was accompanied by an explosion causing serious damage to the furnace. There were no injuries to personnel and the furnace was taken off-line for further investigation, which has now commenced. Contingency plans to deal with such an event were in place and are now operating. The UG2 and Merensky concentrates will be processed through Western Platinum`s three Pyromet furnaces and through the Merensky furnace respectively and toll refining will be used as necessary. The smelter is covered under our asset protection insurance progamme, which includes losses associated with business interruption. It is anticipated that some loss of production will be suffered and additional costs incurred. A further announcement will be made in due course. End For further information contact: CardewChancery Anthony Cardew / Jackie +44 (0)20 7930 0777 Range ISSUED BY LONMIN PLC 4 GROSVENOR PLACE, LONDON SW1X 7YL TEL +44 (0)20 7201 6000 FAX +44 (0)20 7201 6100 Date: 07/01/2003 01:51:01 PM Supplied by www.sharenet.co.za Produced by the JSE SENS Department

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