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

LONMIN PLC - Regulatory Release - Further Update on Union Recognition

Release Date: 08/07/2013 08:00
Code(s): LON     PDF:  
Wrap Text
Regulatory Release - Further Update on Union Recognition

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 - Further Update on Union Recognition


Lonmin Plc (“the Company”) would like to update the market on developments relating to union
recognition and wider industrial relations at its Marikana operations.

A court application has been brought by the National Union of Mineworkers (NUM), one of the
unions representing Lonmin employees, and has been set down for 10 July 2013.

Whilst Lonmin cannot comment in detail, the case relates to membership numbers for both NUM
and the Association of Mineworkers and Construction Union (AMCU).

In preparation for this case Lonmin filed documents to the court, elements of which became public
in South Africa yesterday (July 7, 2013). Clearly this case is sub judice, consequently arguments may
not be made publicly prior to being put before the court.

However, the Company’s wider position remains that it wishes the issue of union status at its
operations to be resolved peacefully, and as quickly as possible, for the benefit of all stakeholders.
Lonmin further believes that all employees have the right to be represented by the union of their
choice.

In this matter Lonmin remains committed to the framework agreement brokered by the Deputy
President of The Republic of South Africa, which provides for amicable solutions to enhance a
sustainable mining industry in South Africa.


8 July, 2013


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

Sue Vey                                              +27 72 644 9777
Brunswick – Johannesburg
Itumeleng Mahabane /                               +27 11 502 7400 /
Tim Schultz                                        +27 82 309 2496

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

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

Date: 08/07/2013 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