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Lonmin Plc - Third Quarter 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")
1 August 2006
Third Quarter Production Report
Lonmin today announces its production report for the nine months to 30 June
2006.
Brad Mills, Chief Executive Officer said:
"Our mining operations continue to perform very strongly reporting record
production for the nine months of 751,759 ounces of Platinum and 1,456,045
ounces of total PGMs in concentrate increases of 8.8% and 11.0% respectively on
the same period last year. We remain on track to produce around 1 million
ounces of Platinum in concentrate from our mines for the full year. The Process
Division has ramped up more slowly than we had planned during the third quarter
following the April shutdown of the number one furnace. The problems we have
experienced on the metallurgical side of the business have now been
substantially resolved and we have begun the process of recommissioning the
Merensky furnace at our Marikana site. This furnace will give us greater
operational flexibility in the future and will be operational from January 2007.
Given the slower ramp up of the Process Division we now anticipate sales for the
full year will be around 950,000 to 960,000 ounces of Platinum."
Mining
Nine Nine
months to months to
30 June 06 30 June
05
Tonnes Marikana Underground (000) 8,639 8,067
milled*
Opencast (000) 1,795 1,932
Total (000) 10,434 9,999
Limpopo Underground (000) 685 16
Opencast (000) 14 -
Total (000) 699 16
Lonmin Underground (000) 9,324 8,083
Platinum
Opencast (000) 1,809 1,932
Total (000) 11,133 10,015
Tonnes mined Marikana Underground (000) 8,673 8,041
Opencast (000) 1,563 1,878
Total (000) 10,236 9,919
Limpopo Underground (000) 693 17
Opencast (000) 14 -
Total (000) 707 17
Lonmin Underground (000) 9,366 8,058
Platinum
Opencast (000) 1,577 1,878
Total (000) 10,943 9,936
*excluding slag
Nine months Nine months
to to
30 June 06 30 June 05
Metals in Marikana Platinum oz 711,765 689,501
concentrate
Palladium oz 317,865 297,778
Rhodium oz 101,810 96,193
Total oz 1,367,731 1,308,819
PGMs
Limpopo Platinum oz 39,994 1,380
Palladium oz 30,251 918
Rhodium oz 5,068 43
Total oz 88,314 3,183
PGMs
Lonmin Platinum oz 751,759 690,881
Platinum
Palladium oz 348,116 298,696
Rhodium oz 106,878 96,236
Total oz 1,456,045 1,312,002
PGMs
Metals in concentrate are contained ounces in concentrate produced during the
period by the mining operations.
Metallurgy
Nine months Nine months
to to
30 June 06 30 June 05
Production Marikana Platinum oz 496,103 573,440
refined
Palladiu oz 214,643 244,062
m
Rhodium oz 75,292 55,709
Total oz 934,582 1,031,641
PGMs
Marikana Platinum oz 49,340 32,361
concentrate*
Palladiu oz 21,595 17,035
m
Rhodium oz 6,177 9,520
Total oz 92,977 75,916
PGMs
Limpopo Platinum oz 39,994 1,380
concentrate
Palladiu oz 30,251 918
m
Rhodium oz 5,068 43
Total oz 88,314 3,183
PGMs
Lonmin Platinum oz 585,437 607,181
Platinum
Palladiu oz 266,489 262,015
m
Rhodium oz 86,537 65,272
Total oz 1,115,873 1,110,740
PGMs
*Produced for sale as concentrate or toll refined.
Lonmin Group Metal Sales
Nine months Nine months
to to
30 June 06 30 June 05
Sales Lonmin Platinum oz 578,822 588,143
Platinum
Palladiu oz 264,357 251,745
m
Rhodium oz 90,208 65,408
Total oz 1,120,356 1,084,207
PGMs
Prices
Nine months Nine months
to to
30 June 06 30 June 05
Average price received Platinum R 6,613 5,224
per ounce
$ 1,030 847
Palladium R 1,842 1,194
$ 290 193
Rhodium R 23,411 8,265
$ 3,638 1,367
Basket price of PGMs and $/k 28,944 19,166
base metals g
Exchange Rates
Nine months to Nine months
30 June 06 to
30 June 05
Average exchange Sterling $/GBP 1.78 1.88
rate
SA Rand R/$ 6.42 6.17
Closing exchange Sterling $/GBP 1.85 1.79
rates
SA Rand R/$ 7.15 6.67
Lonmin"s fourth quarter production report will be announced on 25 October 2006
and Final Results will be announced on 15 November 2006.
Enquiries:
Alex Shorland-Ball +44 (0) 20 7201 6060
Vice President, Investor Relations & Communications
Date: 01/08/2006 08:00:17 AM Supplied by www.sharenet.co.za
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