REG - Lonmin PLC - Briefing on wages for South African press

Fri Sep 21, 2012 2:00am EDT

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

RNS Number : 8045M
Lonmin PLC
20 September 2012
 



 

 

 

 

Lonmin Plc
4 Grosvenor Place
London SW1X 7YL
United Kingdom

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

www.lonmin.com

 

20 September 2012

 

 

Briefing on wages for South African Press

 

Lonmin is today issuing two documents to the press in South Africa.

               

The first is an announcement providing additional background for journalists on the history of the labour dispute and its settlement.  The other is a fact sheet for journalists with additional insight into the terms of the settlement.  This includes a preliminary assessment that Lonmin's wage bill is expected to rise by about 14% from 1st October, 2012.

 

Both documents are available on Lonmin's web site at

http://lonminmarikanainfo.com/mr_latest.php#.UFtORbLiba4 and http://www.lonminmarikanainfo.com/rep_down.php 

 

 

- ENDS -

 

 

GENERAL MEDIA ADDRESS:

media@lonmin.com                                                                      +27 (0)14 571 2060/2055

 

 

ENQUIRIES

Investors / Analysts:


Lonmin

Tanya Chikanza (Head of Investor Relations)

+27 (0)11 218 8358/ +44 (0)7825 877 934

Media:


Cardew Group - London

James Clark / Emma Crawshaw

+44 (0)20 7930 0777

Sue Vey

+27 (0)72 644 9777

 

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: http://www.lonmin.com 

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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