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Embattled Lonmin appoints acting CEO

Aug 24 2012 08:36 Reuters

Company Data

Lonmin plc [JSE:LON]

Last traded 41.50
Change 0.01
% Change 0.00
Cumulative volume 1122698
Market cap 23.60bn

Last Updated: 01/08/2014 at 04:27. Prices are delayed by 15 minutes. Source: McGregor BFA

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London - Platinum miner Lonmin [JSE:LON], facing a strained balance sheet, a shortfall in production and lost revenue after a violent strike that left 44 dead, has appointed its chief financial officer as acting chief executive.

The South Africa-focused company, the third-largest in the sector, said Simon Scott would take the helm while chief executive Ian Farmer pursues a course of treatment for an unspecified illness.

Lonmin said it would be "some months" before Farmer would return to work full time.


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lonmin  |  mining unrest  |  mining  |  platinum
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