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LON - Lonmin Plc - Industrial action at Karee

Release Date: 24/05/2011 13:43
Code(s): LON
Wrap Text

LON - Lonmin Plc - Industrial action at Karee 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") 24 May 2011 Lonmin Plc Industrial Action at Karee Lonmin Plc, ("Lonmin") announces that it has started the process of dismissing those employees who have been participating in the unprotected industrial action at its Karee operations since Tuesday 17th May 2011. This is in line with the interdict that was granted by the South African Courts to Lonmin on Friday 20th May 2011. This unprotected industrial action has arisen as a result of a dispute between the National Union of Mineworker`s ("NUM") Rustenberg regional office and the leadership of the local Karee branch of the NUM. Lonmin`s Karee operations employee around 9,000 people and produce around 17,000 tonnes per day. Once the process of dismissal is complete, Lonmin will commence a recruitment programme. A further update will be provided in due course. ENQUIRIES: Investors / Analysts: Tanya Chikanza +27 (0) 11 218 8300 Head of Investor Relations Media: Cardew Group +44 (0) 207 930 0777 Rupert Pittman / James Milton Financial Dynamics +27 (0) 21 487 9000 Dani Cohen / Ravin Maharaj Date: 24/05/2011 13:43:01 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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