Lonmin appoints its COO, Ben Moolman to the Board of Directors

– UK, London – Lonmin Plc is pleased to announce the appointment of Ben Moolman, the current Chief Operating Officer, to the Board as an Executive Director with immediate effect.

Commenting on Ben Moolman’s appointment, Ben Magara, the Chief Executive Officer said: “I am very pleased with Ben Moolman’s appointment to the Board. It emphasises the importance the Board places on operational performance and safety, particularly as we face significant challenges in these areas as highlighted in our Q2 production report. Ben plays a key role on the team, overseeing the operational restructuring and improving safety, operational productivity and efficiencies.”

Brian Beamish, the Chairman of the Board, said: “Ben’s appointment as an Executive Director is further confirmation of the Lonmin Board’s determination to secure and maintain operational excellence. Together with Ben Magara, Simon Scott and the rest of the executive team, he will make a vital contribution to delivering value for our shareholders.”

Before re-joining Lonmin in August 2014 to head the newly created Business Support Office, Ben worked at Glencore Xstrata where he headed up their Platinum Division with responsibility for the value chain across all mining and processing operations. Prior to this, in his previous service to Lonmin, he served in a variety of operational management positions, including Vice President Mining. He is a mining engineer by profession, holds a BSc in Engineering (Mining) from the University of the Witwatersrand and has more than 30 years’ experience in the Platinum mining industry.

Lonmin, which is listed on both the London Stock Exchange and the Johannesburg Stock Exchange, is one of the world’s largest primary producers of PGMs. These metals are essential for many industrial applications, especially catalytic converters for internal combustion engine emissions, as well as their widespread use in jewellery.

Lonmin’s operations are situated in the Bushveld Igneous Complex in South Africa, where nearly 80% of known global PGM resources are found.

The Company creates value for shareholders through mining, refining and marketing PGMs and has a vertically integrated operational structure – from mine to market. Underpinning the operations is the Shared Services function which provides high quality levels of support and infrastructure across the operations.

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