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Lonmin Zero Harm Strategy Reaps Rewards

Lonmin had fatality free fourth quarter

PGM major Lonmin has celebrated a fatality-free fourth quarter with a significant improvement in its lost-time-injury frequency rate (LTIRF) as well.

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.

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KINDLY EDITED BY
Paul Edwards
Editor for HSME
Digital Market Apprentice at Bay Publishing, curating what gets published across all of our digital products. If you spot a mistake or would like to read more about a certain topic on any of our magazine websites let me know using the contact button above.