Posted in | News | Platinum

Lonmin Plc Appoints New CFO

By Joel ScanlonJul 7 2010

Lonmin Plc (LON:LMI), the third largest and lowest cost producer of Platinum Group Metals (PGMs) has appointed Simon Scott as its new CFO. He will take over in mid November from Alan Ferguson. Simon Scott is currently the financial director of JSE listed Aveng group, a South African construction company.

Mr. Scott is a member of the South African Institute of Chartered Accountants. He will quit as the financial director of Aveng on 26 September 2010 and join the board of Lonmin as an executive director on 27 September 2010. The 52 year old Scott is set to take over operations for Lonmin in Johannesburg.

Lonmin had announced in October last year that it would be moving its operational headquarters from London to Johannesburg. It was a concentrated effort on behalf of the Platinum mining company to bring the executive management team closer to its mining operations.

Lonmin at a glance

World's third largest primary platinum producer
Mines in South Africa from which ore mined and concentrated before being processed through smelter and refineries to deliver finished metals to the market
No. of full time employees around 22,000 (yr ending 30 September 2009)
Primary listing on LSE, also on JSE
663,101 ounces of Platinum in concentrate (1.3m ounces of total PGMs) produced and 682,955 ounces of Platinum (1.3m ounces of total PGMs) sold (yr ending 30 September 2009)

Written by

Joel Scanlon

Joel relocated to Australia in 1995 from the United Kingdom and spent five years working in the mining industry as an exploration geotechnician. His role involved utilizing GIS mapping and CAD software. Upon transitioning to the North Coast of NSW, Australia, Joel embarked on a career as a graphic designer at a well-known consultancy firm. Subsequently, he established a successful web services business catering to companies across the eastern seaboard of Australia. It was during this time that he conceived and launched News-Medical.Net. Joel has been an integral part of AZoNetwork since its inception in 2000. Joel possesses a keen interest in exploring the boundaries of technology, comprehending its potential impact on society, and actively engaging with AI-driven solutions and advancements.

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