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Lonmin Plc Announces Incident at Number Two Furnace

Tuesday, 30 Apr 2013 02:02am EDT 

Lonmin Plc (Lonmin) announced that it has experienced an incident at its Number Two furnace, which has resulted in the furnace being shut down. No one was injured. The incident has happened at a time when Lonmin had just shut down the Number One furnace for its planned upgrade of the hearth and shell. The Company‚Äôs initial estimate is that a full repair to the Number Two furnace will take 30-40 days. A full inspection will be conducted once the furnace has cooled down later this week. The Three Pyromet furnaces, which have around 50% of capacity requirements, continue to operate. In addition, following the fatality at the Merensky section of the K3 shaft last week, drilling and blasting operations at K3 have been suspended until the investigation, which is being undertaken in partnership with all stakeholders, is complete. 

Company Quote

3.0 +1.48%
19 Sep 2014