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LONMIN PLC - Statement on Press Speculation

Release Date: 26/08/2014 13:56
Code(s): LON     PDF:  
Wrap Text
Statement on Press Speculation

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")



26 August 2014

REGULATORY RELEASE

Statement on Press Speculation

The Board of Lonmin Plc (“Lonmin”) has noted recent press speculation which is entirely without
foundation. No decisions, about the size and shape of any restructuring of the business, have been
made. Lonmin’s immediate focus following the five-month strike is to achieve a safe ramp up of
production in order to rebuild the business and restore profitability. Crucial to the process are safety,
containing costs and maximising productivity.

We are pleased to report that the ramp up is progressing better than planned and we will update the
market in due course.


-ENDS-

ENQUIRIES

Investors / Analysts:

Lonmin

Tanya Chikanza – Head of Investor Relations                +27 11 218 8300

Floyd Sibandze – Investor Relations Manager                +27 11 218 8300



Media:

Cardew Group

Anthony Cardew                                       +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
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

Date: 26/08/2014 01:56:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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