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LONMIN PLC - Lonmin receives strike notice from AMCU

Release Date: 20/01/2014 12:30
Code(s): LON     PDF:  
Wrap Text
Lonmin receives strike notice from AMCU

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")
January 2014


Regulatory Release - Lonmin receives strike notice from AMCU

20 January 2014

The Association of Mineworkers and Construction Union (“AMCU”) has today issued Lonmin Plc
(“Lonmin”) with a 48-hour notice of its intention to embark upon protected strike action. According to
the notice received from AMCU, the strike will commence on Thursday 23 January 2014.

Lonmin met with majority union AMCU at the Commission of Conciliation, Mediation and Arbitration
(CCMA) on 10 December 2013, as part of ongoing attempts to reach a sustainable resolution to the
wage demands. Regrettably, no resolution was achieved and the Commissioner issued the certificate of
non-resolution. South African labour relations legislation now allows AMCU to embark upon legal strike
action, to which the “no work – no pay” principle will apply.

Lonmin remains committed to finding a positive and sustainable resolution to the dispute in the
interests of all its stakeholders and management continues to engage at all levels to seek agreement.


ENQUIRIES

Investors / Analysts:
Lonmin
Ruli Diseko                                       +27 83 656 2839
Sue Vey                                            +27 72 644 9777

Media:
Cardew Group
Anthony Cardew / James Clark                       +44 20 7930 0777

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

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