HomeNewsLonmin zero harm strategy reaps rewards in fourth quarter

Lonmin zero harm strategy reaps rewards in fourth quarter

The company’s 12 month rolling LTIFR to 30 September 2017 improved by 9.1% to 4.52 per million man hours from 4.97 in the prior year.

“We have succeeded in making meaningful progress in this tough operating environment, by improving our production performance reducing capital expenditure to the minimum required for the safe and efficient running of operations, and maintaining operational and strategic flexibility,” comments CEO Ben Magara.

“Our processing teams continue to deliver exceptional performance.

Lonmin’s operational review continues with the primary objective of preserving value for shareholders and safeguarding the long-term interests of employees and all key stakeholders,” he continues.

Zero harm

Lonmin’s safety strategy is centred on the belief that zero harm is achievable and important contributions are required from all stakeholders to achieve it.

“Despite most safety indicators showing improvement, regrettably five of the company’s colleagues were fatally injured during the first nine months of the year.

“We extend our deepest condolences to the families and friends of our colleagues and deeply regret their loss,” adds Magara.

Lonmin remains determined to better its overall safety performance and continue to enhance its safety initiatives.

Each incident was thoroughly investigated and reported to the Department of Mineral Resources (DMR) and lessons learned from each incident were implemented into action plans and shared across operations.

“We have been encouraged that our collaboration with key stakeholders, including the DMR and the Association of Mineworkers and Construction Union (AMCU), continues to yield results, as we have experienced improved safety and decreasing Section 54 stoppages.”