17th Oct 2007 12:00
Lonmin PLC17 October 2007 Completion of wage negotiations with NUM Lonmin announces it has completed a two year wage settlement with the NationalUnion of Mineworkers (NUM) in respect of its Marikana operations. This agreementprovides for: • an increase of 10% in the first year effective from 1 October 2007 for all category 3 to 8 employees plus increases to other benefits; and • an increase of 8% for the second year. Lonmin welcomes the new agreement and looks forward to continuing to work withNUM over the coming years to deliver on our operational and transformationalobjectives. Negotiations are continuing with UASA and Solidarity. 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:
Lonmin