London - Platinum producer Lonmin [JSE:LON] appointed Anglo
Platinum [JSE:AMS] (Amplats) executive Ben Magara as its new chief executive on
Tuesday as it strives to rebound from a wave of deadly strikes which hammered
it last year.
Magara, who will start in July, will be tasked with guiding
Lonmin's turnaround and improving industrial relations at the company after
illegal strikes last year triggered violence which killed 46 people including
34 strikers shot dead by police in a single day at its Marikana mine.
A Zimbabwean national who ran Anglo American's South African
coal operations before taking over engineering and capital projects at Amplats,
Magara faces a militant labour force which closed Marikana for a day last
month, embarrassing Lonmin as it hosted a media tour.
Lonmin had been searching for a new chief executive since
the end of last year, when Ian Farmer officially stepped aside due to illness.
The company has been recovering and in January said
production in the last three months of 2012 bounced back more strongly than
expected from crippling strikes.
Platinum, used in catalytic converters in cars, has come
under pressure since the global economic downturn.
The strikes, weak platinum prices and high costs meant
forced Lonmin to turn to investors in November to raise $817m to avoid
breaching lending terms.
Lonmin said Simon Scott, who has been acting chief executive
since August 2012, will resume his role as chief financial officer when Magara
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