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LONMIN PLC - Labour court mediation

Release Date: 23/05/2014 12:24
Code(s): LON     PDF:  
Wrap Text
Labour court mediation

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


23 May 2014

LABOUR COURT MEDIATION
The following statement was released in Johannesburg by Lonmin Plc (“Lonmin” or “the Company”)
today, in conjunction with Anglo American Platinum Limited and Impala Platinum Holdings Limited:

Johannesburg, 23 May 2014 – Platinum producers Anglo American Platinum Limited (Amplats),
Impala Platinum Holdings Limited (Implats) and Lonmin Plc (Lonmin) advise that facilitated
mediation between the companies and the Association of Mineworkers and Construction Union
(AMCU) are continuing under the auspices of the Labour Court.

The producers and AMCU welcomed the initiative of the Labour Court to mediate a resolution of the
protracted wage strike in the sector. The parties have fully embraced this process with talks led by
Judge Hilary Rabkin Naicker. The process is unfolding and the parties are encouraged that they share
a common commitment to endeavour to resolve this dispute.

                                              -ENDS-

ENQUIRIES

Investors / Analysts:
Lonmin
Tanya Chikanza – Head of Investor Relations        +44 20 7201 6000
Floyd Sibandze – Investor Relations Manager        +27 11 218 8300

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

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


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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.

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




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