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LON - Lonmin Plc - Number One Furnace Shut Down

Release Date: 30/03/2010 17:40
Code(s): LON
Wrap Text

LON - Lonmin Plc - Number One Furnace Shut Down 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") 30 March 2010 Lonmin Plc Number One Furnace Shut Down Lonmin Plc, ("Lonmin") announces that its Number One furnace has been shut down following a matte run-out earlier today. No one was hurt as a result of this incident. Our initial estimate is that a full repair of the vessel is likely to take around 30-40 days. In order to mitigate the impact on production two Pyromet furnaces have already been started up, with a third one starting in early April. These furnaces have around 40% of the capacity of the Number One furnace. A full inspection of the furnace is being conducted during which time we will investigate the cause of this incident. This incident will have no impact on Lonmin`s half year results which close on 31 March 2010. Changes, if any, to the full year sales guidance will be given once the repair programme has been confirmed. ENQUIRIES: Investors / Analysts: Rob Gurner +44 (0) 207 201 6050 Head of Investor Relations Media: Cardew Group +44 (0) 207 930 0777 Anthony Cardew / Rupert Pittman Financial Dynamics +27 (0) 21 487 9000 Dani Cohen / Ravin Maharaj Date: 30/03/2010 17:40:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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