• SA cities need foreigners

    We need to protect our cities' cosmopolitan nature, says Mzwandile Jacks.

  • Am I a racist?

    Does hating government's arrogance, nepotism and greed make me a bigot, asks Anton Ressel.

  • Recipe for disaster

    Malema's flames of frustration are fuelling white extremism, says Leopold Scholtz.

Loading...
See More

Lonmin nominated for worst company

Jan 04 2013 11:10 Sapa

(Felix Dlangamandla, Beeld)

Company Data

Lonmin plc [JSE:LON]

Last traded 25
Change 1
% Change 2
Cumulative volume 1729211
Market cap 0

Last Updated: 17-04-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Lonmin CEO steps down

Lonmin denies taking back bonuses

Lonmin builds R10m clinic in Limpopo

Questions over Lonmin exec skills

Lonmin warns future at stake

Lonmin seeks CEO to revive fortunes

 

Johannesburg - Lonmin [JSE:LON] has been nominated as one of the world's worst companies of 2012, environmental organisation groundWork said on Friday. 

"This submission was based on the human rights violations and environmental destruction that the corporation has carried out since the establishment of its mine in the Marikana region," said groundWork director Bobby Peek. 

Lonmin's name was submitted by groundWork and the Bench Marks Foundation for the Public Eye Awards. 

The awards are a regular feature on the sidelines of the World Economic Forum (WEF) meeting and are conducted by civic organisations from across the globe. 

This year the WEF meeting will take place in Davos, Switzerland from January 23 to 27. 

Other companies short-listed for the Public Eye Awards include G4S, Repower, Alstom, Shell, Coal India and Goldman Sachs. 

On August 16 last year 34 people died when police opened fire on striking miners in Marikana, North West. 

Another 10 people had been killed the week before and 78 miners were injured during the strike, which lasted six weeks.

The miners were demanding salary increases from the world's third-largest producer of platinum. 

"Mines such as Lonmin need to stop obsessing with cutting costs, which is usually at the expense of the environment, labour and communities. 

"They continue to find ways to shift their social responsibilities. Often this turns into protests such as those we experienced in Marikana," said John Capel, director of the Bench Marks Foundation. 

Lonmin spokesperson Barnard Mokwena said the company was not aware of the Public Eye Awards nomination.

"We do not know the criteria used during the nomination and we were not consulted. As a company we cannot comment on the nomination," he said.

 

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

lonmin

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
10 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Must see! The most luxurious dog house!

This dog house comes with a treadmill and hot tub, you have to see it!

 
 

Luxury living

WIN!
Ridiculous demands people with too much money make
8 of the priciest places to dock your yacht
Habits of the world’s richest people

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Government’s call for the private sector to add power to the grid is:

Previous results · Suggest a vote

Loading...