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

LONMIN PLC - Protected Strike Action

Release Date: 23/01/2014 12:12
Code(s): LON     PDF:  
Wrap Text
Protected Strike Action

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")

23 January 2014

Protected Strike Action

Lonmin Plc (“Lonmin” or “the Company”) confirms, that following the receipt of The Association of
Mineworkers and Construction Union’s (“AMCU”) notice of intention to strike on Monday 20th
January, its AMCU member employees have today, Thursday 23rd January, embarked upon
protected strike action. The South African labour relations legislation “no work – no pay” principle
applies.

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.

The Company expects losses to be in the region of 3,100 platinum ounces per day during the strike.
The Company will make further announcements on the development of the strike, and the
consequential impact on production and operations, as and when appropriate.

Announcements relating       to   the   situation     can   be   found   on   Lonmin’s   website   at
http://www.lonmin.com

                                              - ENDS -


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: JP 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: 23/01/2014 12:12:00 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