Lonmin has successfully achieved completion of the return to full production earlier than forecast. Tonnes mined in both August and September 2014 exceeded production reported for the comparable months in 2013 which were 1.0 Mt in August 2013 and 1.04 Mt in September 2013. From August onwards, Lonmin has achieved steady-state production at normal levels.
“Our successful ramp up has been accelerated by earlier and stronger levels of employees returning to work than had been previously expected resulting in a rapid, safe and efficient ramp-up of our operations and plants. Excellent attendance levels have continued and Lonmin has experienced strong performance across all our operations. Prudent cash and balance sheet management has enabled return to full production to be completed well within the Company’s existing financial resources,” the company said in a statement.
“Lonmin is pleased with the ongoing strong response from its entire workforce and in August announced the restructure of its senior executive management team to facilitate the forward momentum of the company, which is proving effective. The three-year wage settlement achieved in July continues to facilitate a constructive relationship with all employees.”