23rd May 2014 10:37
Lonmin Plc4 Grosvenor PlaceLondon SW1X 7YLUnited Kingdom
T: +44 (0)20 7201 6000F: +44 (0)20 7201 6100
www.lonmin.com
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 Floyd Sibandze - Investor Relations Manager | +44 20 7201 6000 +27 11 218 8300 |
Media:
Cardew Group Anthony Cardew / James Clark Sue Vey |
+44 20 7930 0777 +27 72 644 9777 |
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
Related Shares:
Lonmin