Key Developments: Lonmin PLC (LONJ.J)

LONJ.J on Johannesburg Stock Exchange

4,182.00ZAc
23 Jul 2014
Price Change (% chg)

-27.00c (-0.64%)
Prev Close
4,209.00c
Open
4,250.00c
Day's High
4,250.00c
Day's Low
4,149.00c
Volume
215,294
Avg. Vol
1,136,166
52-wk High
6,120.00c
52-wk Low
3,979.00c

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Latest Key Developments (Source: Significant Developments)

Lonmin PLC updates on appointment of Chairman
Tuesday, 22 Jul 2014 06:31am EDT 

Lonmin PLC:Says further to its announcement of March 30, Lonmin Plc announces that the Board of Directors took the decision yesterday afternoon (July. 21) to confirm the appointment, with immediate effect, of Brian Beamish as Chairman of the Company.  Full Article

Lonmin PLC announces settlement of negotiations with AMCU
Tuesday, 24 Jun 2014 08:43am EDT 

Lonmin PLC:Says settlement of negotiations with Association of Mineworkers and Construction Union (AMCU) about wages and conditions of service.Employees are expected to return to work on June 25.Three-year agreement, which is effective from Oct. 01, 2013 to June 30, 2016, will end five-month strike, which has crippled South African platinum industry.  Full Article

Anglo American Platinum Limited, Impala Platinum Holdings Limited and Lonmin PLC advises mediation between the companies and AMCU under auspices of Labour Court
Friday, 23 May 2014 06:24am EDT 

Lonmin PLC:Anglo American Platinum Limited, Impala Platinum Holdings Limited and Lonmin Plc advise that facilitated mediation between the companies and the Association of Mineworkers and Construction Union (AMCU) are continuing under the auspices of the Labour Court.The producers and AMCU welcomed the initiative of the Labour Court to mediate a resolution of the protracted wage strike in the sector.The process is unfolding and the parties are encouraged that they share a common commitment to endeavour to resolve this dispute.  Full Article

Lonmin PLC does not declare dividend
Monday, 12 May 2014 02:00am EDT 

Lonmin PLC:No dividends were declared during the period ended March 31, 2014.  Full Article

Lonmin PLC update on protected strike action
Tuesday, 6 May 2014 02:00am EDT 

Lonmin PLC:Anglo American Platinum Limited (Amplats), Impala Platinum Holdings Limited (Implats) and Lonmin Plc (Lonmin) says, Association of Mineworkers and Construction Union (AMCU) informed companies of union’s decision to continue with strike which is entering its 15th week.  Full Article

Lonmin PLC announces appointment of interim Chairman
Monday, 31 Mar 2014 03:00am EDT 

Lonmin PLC:Roger Phillimore will retire as Chairman of the board and as a director at the close of business on April 30.Effective May 1, Brian Beamish, an independent non-executive director, will become Interim Chairman of the board of directors.  Full Article

Lonmin PLC Updates on protected strike action
Wednesday, 5 Mar 2014 06:55am EST 

Lonmin PLC:Updates on wages announced on Jan. 30.Says the Commission for Conciliation, Mediation and Arbitration (CCMA) has suspended the facilitated negotiations between Lonmin, Anglo American Platinum (Amplats), Impala Platinum Holdings Limited (Implats) and Association of Mineworkers and Construction Union (AMCU).CCMA has deemed the respective parties’ current position to be too far apart to warrant further mediation at this stage.Lonmin, Amplats and Implats have proposed a three year wage agreement on a guaranteed package with increases ranging from 7.5 to 9 pct, with the lowest paid employees receiving a 9 pct increase in year one.  Full Article

Lonmin PLC announces protected strike action
Thursday, 23 Jan 2014 05:12am EST 

Lonmin PLC:Confirms, that following the receipt of The Association of Mineworkers and Construction Union’s (AMCU) notice of intention to strike on Jan. 20, its AMCU member employees have Jan. 23, embarked upon protected strike action.Says the South African labour relations legislation no work – no pay principle applies.Says it remains committed to finding a positive and sustainable resolution to the dispute in the interests of all its stakeholders and management continues to engage at all levels to seek agreement.  Full Article

Lonmin PLC receives strike notice from AMCU
Monday, 20 Jan 2014 05:30am EST 

Lonmin PLC:Says The Association of Mineworkers and Construction Union (AMCU) has on Jan. 20 issued Lonmin Plc (Lonmin) with a 48-hour notice of its intention to embark upon protected strike action.Says according to the notice received from AMCU, the strike will commence on Jan. 23.Says it met with majority union AMCU at the Commission of Conciliation, Mediation and Arbitration (CCMA) on Dec. 10, as part of ongoing attempts to reach a sustainable resolution to the wage demands.Says regrettably, no resolution was achieved and the Commissioner issued the certificate of non-resolution.Says South African labour relations legislation now allows AMCU to embark upon legal strike action, to which the no work - no pay principle will apply.Says it remains committed to finding a positive and sustainable resolution to the dispute in the interests of all its stakeholders and management continues to engage at all levels to seek agreement.  Full Article

Lonmin PLC Does Not Propose Dividend
Monday, 11 Nov 2013 02:00am EST 

Lonmin PLC announced that a dividend is not proposed for the current financial year ended September 2013.  Full Article

The final days of South Africa's platinum strike

JOHANNESBURG - Reuters has pieced together a detailed account of the final days of a five-month strike in South Africa's platinum mines, the longest and most costly industrial action in the country's history

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