REG - Lonmin PLC - Executive Management Update

Fri Aug 24, 2012 2:00am EDT

* Reuters is not responsible for the content in this press release.

RNS Number : 7038K
Lonmin PLC
24 August 2012

 Lonmin Plc
4 Grosvenor Place
London SW1X 7YL
United Kingdom

T: +44 (0)20 7201 6000
+44 (0)20 7201 6100


24 August 2012


Executive Management Update


Ian Farmer, the Chief Executive Officer of Lonmin Plc (Lonmin), has commenced a course of treatment and it will be some months before he is able to return to work full-time.


In light of this, the Board of Lonmin has today appointed Simon Scott, the Chief Financial Officer, as Acting Chief Executive Officer for the time being. Simon will be supported by the existing team of Executive VPs at Lonmin and the Executive Committee, which will continue to include both Roger Phillimore and Mahomed Seedat.


Roger Phillimore, Chairman of Lonmin said:  "We are grateful to Simon for assuming these additional responsibilities with the full support of his top team. I have every confidence in his leadership especially at this challenging time."


- ENDS -




Investors / Analysts:


Tanya Chikanza (Head of Investor Relations)

+44 (0)20 7201 6007

Ruli Diseko (Investor Relations Manager)

+27 (0)11 218 8373


Cardew Group

James Clark (London)

Emma Crawshaw (London)

Alexandra Stoneham (London)

+44 (0)20 7930 0777

+44 (0)20 7930 0777

+44 (0)20 7930 0777

Sue Vey (Johannesburg)

+27 (0)72 644 9777

Inzalo Communication (Johannesburg)

Gillian Findlay

+27 (0)82-330-1477




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: 


This information is provided by RNS
The company news service from the London Stock Exchange
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.