Lonmin appoints Ben Magara as CEO

The world's third-biggest platinum producer Lonmin has appointed Ben Magara as chief executive officer.

Mr Magara, who will start on July 1, is currently the Executive Head of Engineering and Capital Projects at Anglo Platinum.

Simon Scott, who has been acting CEO since August 16 when former CEO Ian Farmer was hospitalised, will resume his role as chief financial officer when Magara joins.

Farmer, who had been Lonmin's CEO for four years, resigned in December.

"I am delighted to be able to announce the appointment of Ben Magara to lead Lonmin," Lonmin's Chairman, Roger Phillimore, said in a statement. "The Company is performing well and our safety record is better than it has ever been. Our renewal plan is on track and progress is being made towards the better definition and achievement of our initiatives to improve both the working and living environment of all Lonmin employees for the benefit of all stakeholders and shareholders. The Board is confident that Ben's extensive experience in working in South Africa and the mining community, his relationships and his demonstrated success in proactive relationship building with all stakeholders will drive Lonmin forward."

"Lonmin is a company with excellent assets. I am excited at the prospect of leading team Lonmin and contributing to making a positive difference. The success of the mining industry is vital to the future of South Africa and as the Lonmin team we will drive excellence and build value with and for all our stakeholders," Zimbabwe-born Magara added.

A six-week walkout at Lonmin's Marikana operation in August 2012 resulted in the loss of an estimated 110,000 ounces of platinum production and the deaths of 47 people.

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