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Lonmin response to presidency update on the Farlam Commission recommendations
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
12 December 2016
LONMIN RESPONSE TO PRESIDENCY UPDATE ON THE FARLAM COMMISSION RECOMMENDATIONS
Lonmin Plc notes the update made on Sunday 11 December 2016 by the Presidency on the steps taken to implement the
Farlam Commission recommendations of 2015. Lonmin has implemented a number of measures as part of its ongoing
housing plan and as the Presidency statement notes, Lonmin has completed the conversion of all hostels into 1,908 single
and 776 family units. We have fully complied with the Mining Charter as of December 2014.
The Company’s revised housing plan was submitted to the Department of Mineral Resources in October 2014 as part of the
Company’s Social Labour Plans. Following engagement with and directions provided by the Department of Mineral
Resources in September 2016 requiring certain revisions to Lonmin’s housing plan, the Company is currently reviewing its
plan and is confident that it will submit a plan that is compliant.
Lonmin’s revised employee housing strategy, which includes the construction of infill apartments, is the product of the
continuing survey of employees’ housing preferences. Lonmin has taken proactive steps to meet its obligations despite the
unfavourable economic climate by including long term, sustainable housing solutions in our capital expenditure budgets.
We continue to work on collaborative projects such as the Special Presidential Package to improve infrastructure and
housing.
-ENDS -
ENQUIRIES
Investors / Analysts:
Lonmin
Tanya Chikanza (Head of Investor Relations) +27 11 218 8358 /+44 207 201 6007
Andrew Mari (Investor Relations Manager) +27 11 218 8420
Media:
Lonmin
Wendy Tlou (Head of Communication) +27 83 301 9663/+27 11 218 8385
Cardew Group
Anthony Cardew/Emma Crawshaw +44 207 930 0777
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
Sponsor: J.P. Morgan Equities South Africa Ltd
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