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LONMIN PLC - Regulatory Release: Incident at Number Two Furnace

Release Date: 30/04/2013 08:00
Code(s): LON     PDF:  
Wrap Text
Regulatory Release: Incident at Number Two Furnace

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")

REGULATORY RELEASE

30 April 2013

Incident at Number Two Furnace

Lonmin Plc (Lonmin) announces that it has experienced an incident at its Number Two furnace,
which has resulted in the furnace being shut down. No one was injured. The incident has happened
at a time when Lonmin had just shut down the Number One furnace for its planned upgrade of the
hearth and shell.

Our initial estimate is that a full repair to the Number Two furnace will take 30-40 days. A full
inspection will be conducted once the furnace has cooled down later this week. The Three Pyromet
furnaces, which have around 50% of our capacity requirements, continue to operate. In the
meantime, we will be assessing the options around Number One and the impact of Number Two and
we will update the market in due course.

In addition, following the fatality at the Merensky section of the K3 shaft last week, drilling and
blasting operations at K3 have been suspended until the investigation, which is being undertaken in
partnership with all stakeholders, is complete.


- ENDS –

ENQUIRIES

Investors / Analysts:
Lonmin
Tanya Chikanza (Head of Investor Relations)              +27 11 218 8358 /
                                                         +44 20 7201 6007
Ruli Diseko (Investor Relations Manager)                  +27 11 218 8300

Media:
Cardew Group
James Clark / Alexandra Stoneham                         +44 20 7930 0777
Sue Vey                                                   +27 72 644 9777

Brunswick - Johannesburg
Cecilia de Almeida                                       +27 11 502 7400 /
                                                          +27 83 325 9169

Notes to editors
Lonmin, which is listed on both the London Stock Exchange and the Johannesburg Stock Exchange, is
one of the world's largest primary producers of PGMs. These metals are essential for many industrial
applications, especially catalytic converters for internal combustion engine emissions, as well as
their widespread use in jewellery.

Lonmin's operations are situated in the Bushveld Complex in South Africa, where nearly 80% of
known global PGM resources are found.

The Company creates value for shareholders through mining, refining and marketing PGMs and has a
vertically integrated operational structure - from mine to market. Lonmin's mining operations
extract ore from which the Process Division produces refined PGMs for delivery to customers.
Underpinning the operations is the Shared Services function which provides high quality levels of
support and infrastructure across the operations.

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

Sponsor: J.P. Morgan Equities South Africa (Pty) Ltd

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