The Board of Directors has approved a Code of Business Ethics to provide a framework within which all business practices must be conducted, managed and regulated. In addition, comprehensive systems have been introduced to ensure that in attaining the Company's objectives, employees behave legally, ethically and appropriately.
The Board of Directors has approved a Code of Business Ethics to provide a framework within which all business practices must be conducted, managed and regulated. In addition, comprehensive systems have been introduced to ensure that in attaining the Company's objectives, employees behave legally, ethically and appropriately. We have a set of formal policies in this area and operate a combined assurance model involving internal and external audit, management interventions and internal controls, all intended to ensure that there is a climate of probity throughout the organisation.
An external independent whistle blowing hotline supports this and is available to all employees, contractors and suppliers, who can register breaches of our ethical code or corporate values, including allegations relating to bribery and corruption. Incidences are recorded and investigated based on the discretion of the Ethics Committee.
The documents forming the backbone of the way in which we do business are available online by clicking the appropriate link:
Lonmin Charter (PDF)
Whistle Blowing Policy (PDF)
Code of Business Ethics (PDF)
Safety and Sustainability Policy (PDF)
Articles of Association (PDF)
SA Disclosure Requirements
Disclosure in accordance with the South African Promotion of Access to Information Act, 2 of 2002. Click on the links below to read the Promotion of Access to Information Act Manuals.
Extractive Industries Transparency Initiative (EITI)
The Extractive Industries Transparency Initiative (EITI) is a UK government led initiative, which seeks to ensure that revenues from extractive industries contribute to sustainable development and poverty reduction. The Initiative aims to increase transparency in any transactions between governments of mineral rich countries and companies operating in their jurisdictions. By promoting full disclosure of any payments made to governments the EITI aims to give citizens and institutions access to better information to enable them to hold governments to account for how these payments are spent.
Lonmin is deeply committed to transparency through open and honest communication and the free sharing of information. This is one of our key values as set out in the Lonmin Charter. We fully support and endorse the Principles and Criteria of the EITI.
As a company, Lonmin does not participate, directly or indirectly, in party politics and we do not make any payments or donations to any political party or individual politician. We contribute to the development of sound legislation and regulation, which is relevant and appropriate to our business interests.
Lonmin's current operations are all situated within the Republic of South Africa. The EITI is a voluntary process and to a great extent is government led. The government of the Republic of South Africa is not a signatory to the EITI but Lonmin would be fully supportive of any decision by the South African government to endorse the EITI.
Lonmin is a member of the International Council of Mining and Metals (ICMM), the world's leading international mining association which continues to endorse, support and play an active role in the EITI process. The ICMM has also recently launched the Resource Endowment Project which seeks to identify and promote ways to assist mineral rich countries across the developing world to use their mineral resources to achieve broad based economic growth and sustainable development and Lonmin is also fully supportive of this initiative.