The platinum miner is in "constructive, transparent and progressive" talks with unions and says business’s long-term fundamentals are intact.
The platinum strike has entered its 11th week and employees want to return to work but are being intimidated, says Lonmin chief executive Ben Magara.
The head of Anglo Platinum – the world’s largest platinum producer – has earned R17.6-million while the company struggles with wage negotiations.
Cutting capital expenses and funds raised from a rights issue have put the Lonmin back on a sound footing.
Percy Zvomuya looks at Lonmin’s Ben Magara and his recent chocolate stint as inspiration.
Percy Zvomuya loses a little more hope in Africa’s leaders, and looks at Lonmin’s Ben Magara and his recent chocolate stint as inspiration.
Lonmin has appointed Anglo American Platinum’s Ben Magara as its new chief executive as it strives to rebound from last year’s wave of deadly strikes.