Key Developments: Lonmin PLC (LONJ.J)

LONJ.J on Johannesburg Stock Exchange

3,062.00ZAc
31 Oct 2014
Price Change (% chg)

71.00c (+2.37%)
Prev Close
2,991.00c
Open
3,016.00c
Day's High
3,100.00c
Day's Low
3,000.00c
Volume
1,702,151
Avg. Vol
--
52-wk High
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52-wk Low
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Latest Key Developments (Source: Significant Developments)

Lonmin PLC Announces Directorate Change
Thursday, 7 Nov 2013 09:30am EST 

Lonmin PLC announced that it had been informed by its Chairman, Roger Phillimore, of his intention to retire as a director during the course of 2014. He will remain in office until his successor has been appointed. The selection process has been initiated.  Full Article

Strike At South Africa's Lonmin PLC Averted In Favour Of Wider Talks-Reuters
Wednesday, 26 Jun 2013 10:29am EDT 

Reuters reported that South Africa's hardline miners union postponed talks with platinum producer Lonmin PLC , averting an imminent strike, to allow more time for the government to reach a wider stability pact between labour and the mining industry. South Africa's Deputy President, Kgalema Motlanthe, is trying to get unions and companies across the mining industry to sign up to a stability pact as wage talks kick off to bring an end to unrest that has been rocking the sector. Lonmin, the platinum producer, and the Association of Mineworkers and Construction Union (AMCU) were to go to arbitration on over their failure to reach a recognition agreement. The Company agreed to an AMCU request to delay the talks in order to allow the process of engagement, led by the Deputy President ... to take course, Lonmin said in a statement.  Full Article

Lonmin PLC Updates On Arbitration Process
Wednesday, 26 Jun 2013 08:27am EDT 

Lonmin PLC announced that it has agreed to postpone scheduled arbitration with the Association of Mineworkers and Construction Union (AMCU) over the ongoing union recognition dispute at AMCU’s request. The Company agreed to an AMCU request to delay the talks in order to allow the process of engagement, led by The Deputy President of The Republic of South Africa (which involves business, government and labour), to take course. Lonmin remains fully committed to concluding a new union recognition agreement with AMCU as the majority union. The Company is striving to reach an agreement which is in the interests of all of employees and has made reasonable offers in discussions with AMCU in an attempt to achieve this. Lonmin believes that an agreement can be reached through continued negotiations.  Full Article

Lonmin PLC Suspends Work At Marikana Due To Illegal Strike-DJ
Tuesday, 14 May 2013 02:35am EDT 

Dow Jones reported that Lonmin PLC said it has suspended all work at its Marikana mine Tuesday after employees refused to go underground. All 13 shafts are not operational at present, the company said. A spokeswoman said that employees arrived at work but didn't go underground. The reasons for the stoppage are still not clear, the company said. Lonmin employs 27,000 people as well as 10,000 contractors. The strike follows a weekend of violence around the platinum producing region of Rustenburg, including the killing of two people who lived in the community next to Lonmin's Marikana mine.  Full Article

Lonmin PLC Does Not Declare Dividend
Monday, 13 May 2013 02:00am EDT 

Lonmin PLC announced that no dividends were declared during the period ended March 31, 2013.(six months to March 31, 2012 and year ended September 30, 2012 - $nil).  Full Article

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’s 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.  Full Article

Lonmin PLC Announces Appointment Of Chief Executive Officer
Tuesday, 2 Apr 2013 06:00am EDT 

Lonmin PLC announced the appointment of Ben Magara as new Chief Executive Officer (CEO) and as a Director with effect from July 1, 2013. Simon Scott who has been Acting CEO since August 2012 will resume his role as Chief Financial Officer when Ben Magara joins.  Full Article

Lonmin PLC Raise FY 2013 Production Guidance
Thursday, 31 Jan 2013 07:12am EST 

Lonmin PLC announced that for full year 2013, it expects to report production of 680,000 ounces of Platinum.  Full Article

Lonmin PLC Issues FY 2013 Production Guidance
Thursday, 31 Jan 2013 02:00am EST 

Lonmin PLC announced that for full year 2013, it expects to report production of 660,000 ounces of Platinum.  Full Article

Lonmin PLC Announces Board Change
Friday, 28 Dec 2012 02:00am EST 

Lonmin PLC announced that Ian Farmer, who is being treated for a serious illness, has informed the Board of his request to step down as Chief Executive Officer (CEO) and as a Director of Lonmin with immediate effect. With great regret the Board has agreed. The Board has appointed an executive search agent to pursue the selection and engagement of Ian's successor as CEO. In the meantime, Simon Scott will continue in his role as Acting CEO with the full support of the Lonmin Board. Simon has requested that he should not be considered as a candidate for the role of CEO. Following the appointment of a new CEO, Simon will dedicate his time fully to his role as Chief Financial Officer.  Full Article

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Glencore says still plans to sell Lonmin stake

JOHANNESBURG - Swiss-based miner and commodities trader Glencore still wants to sell its 25 percent stake in South African platinum producer Lonmin at "the right time," its chief executive said on Wednesday.

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