21st Sep 2012 07:00
Lonmin Plc4 Grosvenor PlaceLondon SW1X 7YLUnited Kingdom
T: +44 (0)20 7201 6000F: +44 (0)20 7201 6100
www.lonmin.com
20 September 2012
Briefing on wages for South African Press
Lonmin is today issuing two documents to the press in South Africa.
The first is an announcement providing additional background for journalists on the history of the labour dispute and its settlement. The other is a fact sheet for journalists with additional insight into the terms of the settlement. This includes a preliminary assessment that Lonmin's wage bill is expected to rise by about 14% from 1st October, 2012.
Both documents are available on Lonmin's web site at
http://lonminmarikanainfo.com/mr_latest.php#.UFtORbLiba4 and http://www.lonminmarikanainfo.com/rep_down.php
- ENDS -
GENERAL MEDIA ADDRESS:
[email protected] +27 (0)14 571 2060/2055
ENQUIRIES
Investors / Analysts: | |
Lonmin | |
Tanya Chikanza (Head of Investor Relations) | +27 (0)11 218 8358/ +44 (0)7825 877 934 |
Media: | |
Cardew Group - London | |
James Clark / Emma Crawshaw | +44 (0)20 7930 0777 |
Sue Vey | +27 (0)72 644 9777 |
Notes to editors
About Lonmin:
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 Platinum Group Metals (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 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
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