To view the PDF file, sign up for a MySharenet subscription.

LONMIN PLC - Regulatory release - Update on union recognition negotiations

Release Date: 22/05/2013 08:00
Code(s): LON     PDF:  
Wrap Text
Regulatory release - Update on union recognition negotiations

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


22 May 2013

                            Update on union recognition negotiations


Lonmin Plc (“the Company”) announces that, in negotiations through the Commission for
Conciliation, Mediation and Arbitration (CCMA), no agreement has been reached on forming a new
union recognition agreement with the Association of Mineworkers and Construction Union (AMCU).

With no resolution between the parties having been obtained, the senior commissioners of the
CCMA issued a Certificate of Non-Resolution on the afternoon of Tuesday 21 May, 2013. The parties
have agreed to meet for a further session on Thursday 23 May, 2013, to attempt to move the
process forward.

If no agreement can be reached at that meeting the process will then move to formal arbitration.

Acting CEO Simon Scott said: “This is a lengthy and complex process and whilst we have not yet
reached an agreement we are committed to a labour relations environment that can sustain peace
and stability at our mines and in our mining communities.”

The Company will make a further announcement when appropriate.

– 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
Anthony Cardew/James Clark                               +44 20 7930 0777
/Alexandra Stoneham
Sue Vey                                                    +27 72 644 9777

Brunswick - Johannesburg
Itumeleng Mahabane/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

Date: 22/05/2013 08:00:00 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.

Share This Story