LONMIN PLC - Final amendment of Mining Right and settlement with Keysha

Final amendment of Mining Right and settlement with Keysha

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")


Final amendment of Mining Right and settlement with Keysha

Further to the announcements made on 13 January 2012 and 11
August 2010, Lonmin Plc (“Lonmin”) announces that it and the
Department of Mineral Resources have today executed a notarial
amendment of one of its existing mining rights on Middelkraal
in respect of a small portion of its mining area, such that
this now explicitly permits Lonmin to exploit and dispose of
the associated minerals necessarily extracted as part of its
core business of mining platinum group metals (“PGMs”).

This confirms that Lonmin now holds new order mining rights
for PGMs and associated minerals for wholly owned assets
across its entire primary mining area at Marikana, in the
North-West Province of South Africa, which accounts for
substantially all of its current production. Lonmin is
therefore entitled to retain the full economic benefit of all
associated minerals extracted from the Middelkraal area.

To enable this amendment to be granted, Keysha Investments 220
(Pty) Ltd (“Keysha”) has abandoned the prospecting right for
associated minerals and metals that was granted to it over
this part of Lonmin’s mining area and has irrevocably
withdrawn an application for a mining right made over the same
area.

Lonmin has agreed to compensate Holgoun Investment Holdings
(Proprietary)   Limited,  Keysha's   parent   company,     for
relinquishing the disputed prospecting right and its costs
including those incurred      in    carrying out prospecting
activities over the area, with an amount of approximately $4.0
million.



- ENDS -


ENQUIRIES
Investors / Analysts:
Lonmin
Tanya   Chikanza   (Head   of    Investor   +27 11 218 8300
Relations)
Ruli    Diseko    (Investor     Relations   +27 11 218 8300
Manager)

Media:
Cardew Group
James Clark / Emma Crawshaw                +44 (0)20 7930
Sue Vey                                              0777
                                           +27 (0) 72 644
                                                     9777


Brunswick- Johannesburg                    +27 (0) 11 502
                                                     7400
Cecilia de Almeida                          +27 (0)83 325
Felicity Hudson                                      9169
Tshepo Mophiring                            +27 (0)71 680
                                                     0234
                                            +27 (0)82 887
                                                     4124

Sponsor: J.P. Morgan Equities Limited

Notes to editors

About Lonmin:
Lonmin is one of the world’s largest primary producers of
Platinum Group Metals (PGMs). These metals are critical to
many industrial applications, especially catalytic converters
for internal combustion engine emissions, as well as their
widespread use in jewellery.

Our operations, consisting of eleven shafts and inclines, are
situated in the Bushveld Complex in South Africa, a country
which hosts nearly 80% of global PGM resources. We have been
granted a New Order Mining Licence by the South African
government for our core operations, which runs to 2037 and is
renewable to 2067. We have resources of 175 million troy
ounces of platinum, palladium, rhodium and gold and 43 million
ounces of reserves.

We create value for our shareholders through mining, refining
and   marketing   PGMs   and    have  a   vertically integrated
operational structure – from mine to market. Our Mining
operations extract ore from which our Process Division
produces   refined   PGMs   for   delivery   to  our customers.
Underpinning our operations, our Shared Services functions
provide high quality levels of support and infrastructure
across the operations.

For further information please visit our website:
http://www.lonmin.com

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