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Lonmin Plc - First Half Production Report
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")
25 April 2006
First Half Production Report
Lonmin today announces its production report for the first half to 31 March
2006.
Brad Mills, Chief Executive said:
"Our mining operations had a record six months to 31 March 2006 producing
501,827 ounces of Platinum and 977,352 ounces of total PGMs in concentrate for
despatch to the Process Division. As a result of the 27 day shutdown for the
planned rebuild of the number one furnace sales for the half were 413,030 ounces
of Platinum and 802,766 ounces of total PGMs. We continue to expect our
mining operations to produce around 1 million ounces of Platinum for the 2006
fiscal year. In early April we shut down our number one furnace for 11 days to
repair a leak. The Smelter is now fully repaired and once again running at full
capacity. As a result of this outage, we currently believe that sales of
Platinum for the full year will be around 970,000 to 980,000 ounces."
Mining
Six months Six months
to to
31 March 31 March 05
06
Tonnes Marikana Underground (000) 5,739 5,427
milled*
Opencast (000) 1,264 1,480
Total (000) 7,003 6,907
Limpopo Underground (000) 487 -
Opencast (000) 14 -
Total (000) 501 -
Lonmin Underground (000) 6,226 5,427
Platinum
Opencast (000) 1,278 1,480
Total (000) 7,504 6,907
Tonnes mined Marikana Underground (000) 5,793 5,405
Opencast (000) 996 1,244
Total (000) 6,789 6,649
Limpopo Underground (000) 491 -
Opencast (000) 14 -
Total (000) 505 -
Lonmin Underground (000) 6,284 5,405
Platinum
Opencast (000) 1,010 1,244
Total (000) 7,294 6,649
*excluding slag
Six months Six
to months to
31 March 06 31 March
05
Metals in Marikana Platinum (oz) 474,961 446,989
concentrate
(despatched) Palladium (oz) 219,213 193,334
Rhodium (oz) 71,244 62,235
Total PGMs (oz) 913,386 853,258
Limpopo Platinum (oz) 26,866 -
Palladium (oz) 22,388 -
Rhodium (oz) 3,646 -
Total PGMs (oz) 63,966 -
Lonmin Platinum (oz) 501,827 446,989
Platinum
Palladium (oz) 241,601 193,334
Rhodium (oz) 74,890 62,235
Total PGMs (oz) 977,352 853,258
Metals in concentrate despatched are contained ounces in concentrate produced
during the period by the mining operations and despatched to the Process
Division.
Metallurgy
Six months Six months
to to
31 March 06 31 March 05
Production Marikana Platinum oz 332,803 366,781
refined
Palladium oz 142,209 157,058
Rhodium oz 53,866 35,253
Total PGMs oz 628,668 666,303
Marikana Platinum oz 49,340 -
concentrate*
Palladium oz 21,595 -
Rhodium oz 6,177 -
Total PGMs oz 92,977 -
Limpopo Platinum oz 23,548 -
concentrate
Palladium oz 17,328 -
Rhodium oz 2,907 -
Total PGMs oz 51,417 -
Lonmin Platinum oz 405,691 366,781
Platinum
Palladium oz 181,132 157,058
Rhodium oz 62,950 35,253
Total PGMs oz 773,062 666,303
*Produced for sale as concentrate or toll refined.
Lonmin Group Metal Sales
Six months Six months
to to
31 March 06 31 March 05
Sales Lonmin Platinum oz 413,030 365,653
Platinum
Palladium oz 192,505 152,725
Rhodium oz 65,639 39,330
Total PGMs oz 802,766 671,591
Prices
Six months Six months
to to
31 March 31 March 05
06
Average price received Platinum R 6,100 5,000
per ounce
$ 968 842
Palladium R 1,669 1,170
$ 266 196
Rhodium R 19,726 7,855
$ 3,142 1,320
Basket price of PGMs and $/kg 26,281 18,889
base metals
Exchange Rates
Six months to Six months
31 March 06 to
31 March 05
Average exchange Sterling GBP/$ 0.58 0.53
rate
SA Rand R/$ 6.29 5.94
Closing exchange Sterling GBP/$ 0.58 0.53
rates
SA Rand R/$ 6.15 6.22
Lonmin"s Interim Results will be announced on 4 May 2006.
Enquiries:
Alex Shorland-Ball +44 (0) 20 7201 6060
Vice President, Investor Relations & Communications
Date: 25/04/2006 08:00:09 AM Supplied by www.sharenet.co.za
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