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LONMIN PLC - Lonmin successfully ramps up to full production in 2 months

Release Date: 08/10/2014 13:06
Code(s): LON     PDF:  
Wrap Text
Lonmin successfully ramps up to full production in 2 months

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




8 October 2014



                   Lonmin successfully ramps up to full production in 2 months


Lonmin is pleased to announce that it has successfully achieved completion of the return to full
production earlier than forecast. Tonnes mined in both August and September 2014 exceeded
production reported for the comparable months in 2013 which were 1.0 million tonnes in August 2013
and 1.04 million tonnes in September 2013. From August onwards, Lonmin has achieved steady-state
production at normal levels.

Our successful ramp up has been accelerated by earlier and stronger levels of employees returning to
work than had been previously expected resulting in a rapid, safe and efficient ramp-up of our
operations and plants. Excellent attendance levels have continued and Lonmin has experienced strong
performance across all our operations. Prudent cash and balance sheet management has enabled return
to full production to be completed well within the Company’s existing financial resources.

Lonmin is pleased with the ongoing strong response from its entire workforce and in August announced
the restructure of its senior executive management team to facilitate the forward momentum of the
Company, which is proving effective. The three-year wage settlement achieved in July continues to
facilitate a constructive relationship with all employees.

Lonmin will update the market in greater detail when it releases its Q4 Production Report and
announces its Final Results on 10 November 2014.


- ENDS -

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

ENQUIRIES
Investors / Analysts:

Lonmin

Tanya Chikanza                 +27 11 218 8300 / +44 20 7201 6007

Floyd Sibandze                 +27 11 218 8300



Media:

Cardew Group

Anthony Cardew / James Clark   +44 20 7930 0777

Sue Vey                        +27 72 644 9777

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