Lonmin PLC/S (OTCMKTS:LNMIY) is a public limited company headquartered in London, with principal mining and processing operations located in South Africa’s Bushveld Complex. The company focuses on the extraction and sale of platinum group metals (PGMs), including platinum, palladium and rhodium, as well as by-products such as gold and copper. Lonmin supplies these critical materials to a diverse set of end markets, ranging from automotive and electronics to jewelry and chemical industries.
The company’s core assets are situated on both the Eastern and Western Limb of the Bushveld Complex, where it operates several underground mines and associated concentrators. Lonmin’s integrated production model encompasses drilling, blasting, ore transport, processing and smelting, enabling it to deliver refined metals to global smelters and refineries. Advanced metallurgical techniques and continuous investment in safety and efficiency underpin the company’s operational performance.
Founded in 1909 as the London and Rhodesian Mining and Land Company, Lonmin has evolved through strategic acquisitions and technological innovation to become one of the world’s leading platinum producers. Over more than a century, the company has navigated fluctuating commodity markets, regulatory changes and social challenges to maintain a stable supply of PGMs. In 2019, Lonmin was acquired by Sibanye Stillwater, marking a new chapter in its history and creating one of the largest diversified PGM producers globally.
Lonmin’s executive leadership is led by Chief Executive Officer Ben Magara, supported by a board comprising seasoned professionals in mining, finance and sustainability. The company places a strong emphasis on community engagement, environmental stewardship and workplace safety, aiming to foster long-term value for shareholders, employees and local stakeholders across its areas of operation.
AI Generated. May Contain Errors.
Free LNMIY Stock Alerts