Lonmin Plc

Sector: Miscellaneous Metal Ores Not Elsewhere Classified Region: United Kingdom

Exchange/Ticker: Johannesburg Securities Exchange: LON | London Stock Exchange: LMI | OTC Bulletin Board: LNMIY

Company Description

Lonmin Plc produces and markets platinum group metal. These metals are essential for many industrial applications, especially catalytic converters for internal combustion engine emissions, as well as their widespread use in jewelers. Its mining operations extract ore from which process division produces refined PGMs for delivery to customers. The company operates its business through segments: Platinum Group Metals (PGM) Operations, Evaluation and Exploration. The Platinum Group Metals Operations segment comprises the activities involved in the mining and processing of PGMs, together with associated base metals, which are carried out entirely in South Africa. The Evaluation segment covers the evaluation through pre-feasibility of the economic viability of newly discovered PGM deposits. The Exploration segment covers the activities involved in the discovery or identification of new PGM deposits. The company was founded on May 13, 1909 and is headquartered in London, the United Kingdom.

Similar to: Buchans Minerals, Fortune Minerals Ltd., Tasman Metals Ltd.

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