30 March, 2010
Lonmin Plc, (“Lonmin”) announces that its Number One furnace has been shut down following a matte run-out earlier today. No one was hurt as a result of this incident.
Our initial estimate is that a full repair of the vessel is likely to take around 30-40 days. In order to mitigate the impact on production two Pyromet furnaces have already been started up, with a third one starting in early April. These furnaces have around 40% of the capacity of the Number One furnace.
A full inspection of the Number One furnace is being conducted during which time we will investigate the cause of this incident.
This incident will have no impact on Lonmin’s half year results which close on 31 March 2010. Changes, if any, to the full year sales guidance will be given once the repair programme has been confirmed.
ENQUIRIES:
Investors / Analysts:
Rob Gurner +44 (0) 207 201 6050
Head of Investor Relations
Media:
Cardew Group +44 (0) 207 930 0777
Anthony Cardew / Rupert Pittman
Financial Dynamics +27 (0) 21 487 9000
Dani Cohen / Ravin Maharaj
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