15th Jun 2009 07:00
Lonmin Plc
Number One Furnace Shut Down
Lonmin Plc, ("Lonmin" or "the Company") today announces that its Number One furnace has been shut down, following a matte run-out on Sunday 14 June.
Our initial estimate is that a full repair of the vessel is likely to take around 30 days. In order to mitigate the impact on production of this shut down and repair, our three Pyromet furnaces have already been started up and are expected to tap matte in 7 days.
A full inspection of the Number One furnace will be conducted, once temperature conditions allow, during which time we will investigate the potential cause of this incident. Once this inspection has been completed and a repair programme confirmed, a further announcement will be made. Guidance regarding the impact of this incident on production and sales for the 2009 financial year will also be given at that time.
ENQUIRIES:
Investors / Analysts:
Rob Gurner +44 (0) 207 201 6050
Head of Investor Relations
Media:
Cardew Group +44 (0) 207 930 0777
Anthony Cardew / Rupert Pittman
Financial Dynamics +27 (0) 21 487 9000
Dani Cohen / Ravin Maharaj
Related Shares:
Lonmin