26th Jan 2006 07:00
Lonmin PLC26 January 2006 Lonmin Plc First Quarter Production Report Lonmin today announces its production report for the first quarter to 31December 2005. Brad Mills, Chief Executive Officer said: "Production for the first quarter of our 2006 financial year was in line withour expectations at 196,045 ounces of Platinum and 363,737 ounces of total PGMsand well ahead of the same period last year. We continue to be on track to meetour full year target of around 1 million ounces of Platinum sales and around 1.9million ounces of total PGM sales. Our planned number one furnace rebuild beganon 16 January and is proceeding well in line with our plans." Mining Quarter to Quarter to 31 December 05 31 December 04 Tonnes milled* Marikana Underground (000) 2,861 2,737 Opencast (000) 773 761 Total (000) 3,634 3,498 Limpopo Underground (000) 247 - Opencast (000) - - Total (000) 247 - Lonmin Underground (000) 3,108 2,737 Platinum Opencast (000) 773 761 Total (000) 3,881 3,498Tonnes mined Marikana Underground (000) 3,066 2,792 Opencast (000) 556 690 Total (000) 3,622 3,482 Limpopo Underground (000) 225 - Opencast (000) - - Total (000) 225 - Lonmin Underground (000) 3,291 2,792 Platinum Opencast (000) 556 690 Total (000) 3,847 3,482 *excluding slag Metallurgy Quarter to Quarter to 31 December 05 31 December 04Production** Marikana refined Platinum oz 156,621 149,066 Palladium oz 45,371 64,615 Rhodium oz 13,305 16,141 Total PGMs oz 282,511 275,339 Marikana Platinum oz 26,896 - concentrate* Palladium oz 13,590 - Rhodium oz 3,778 - Total PGMs oz 53,617 - Limpopo Platinum oz 12,528 - concentrate* Palladium oz 9,491 - Rhodium oz 1,558 - Total PGMs oz 27,609 - Lonmin Platinum Platinum oz 196,045 149,066 Palladium oz 68,452 64,615 Rhodium oz 18,641 16,141 Total PGMs oz 363,737 275,339 *Produced for sale as concentrate or toll refined. **Excluding slag Lonmin Group Metal Sales Quarter to Quarter to 31 December 05 31 December 04Sales* Lonmin Platinum Platinum oz 163,027 142,061 Palladium oz 65,453 60,758 Rhodium oz 22,217 18,014 Total PGMs oz 313,860 275,604 *Excluding slag Prices Quarter to Quarter to 31 December 05 31 December 04Average price received per ounce Platinum R 5,970 4,910 $ 910 833 Palladium R 1,437 1,238 $ 219 209 Rhodium R 17,398 7,149 $ 2,657 1,206Basket price of PGMs and base $/kg 23,604 18,653metals Exchange Rates Quarter to Quarter to 31 December 05 31 December 04Average exchange rate Sterling £/$ 1.72 1.89 SA Rand R/$ 6.55 5.87Closing exchange rates Sterling £/$ 1.72 1.92 SA Rand R/$ 6.34 5.69 Lonmin's Second Quarter Production Report will be announced on 25 April 2006 andInterim Results will be announced on 4 May 2006. Enquiries:Alex Shorland-Ball +44 (0) 20 7201 6060Vice President, Investor Relations & Communications This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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