Regulatory Release - Further Update on Union Recognition

Lonmin Plc ("the Company") would like to update the market on developments relating to union recognition and wider industrial relations at its Marikana operations. A court application has been brought by the National Union of Mineworkers (NUM), one of the unions representing Lonmin employees, and has been set down for 10 July 2013 (see here).

Whilst Lonmin cannot comment in detail, the case relates to membership numbers for both NUM and the Association of Mineworkers and Construction Union (AMCU). In preparation for this case Lonmin filed documents to the court, elements of which became public in South Africa yesterday (July 7, 2013). Clearly this case is sub judice, consequently arguments may not be made publicly prior to being put before the court.

However, the Company's wider position remains that it wishes the issue of union status at its operations to be resolved peacefully, and as quickly as possible, for the benefit of all stakeholders. Lonmin further believes that all employees have the right to be represented by the union of their choice.

In this matter Lonmin remains committed to the framework agreement brokered by the Deputy President of The Republic of South Africa, which provides for amicable solutions to enhance a sustainable mining industry in South Africa.

Statement issued by Lonmin, July 8 2013

Click here to sign up to receive our free daily headline email newsletter