Anglo American executive joins Lonmin as CEO

Platinum producer Lonmin announced on Tuesday the appointment of Ben Magara as Chief Executive Officer (CEO).

Magara, who is currently the Executive Head of Engineering and Capital Projects at Anglo American Platinum, will take over on July 1st.

He has 22 years of experience including as CEO of Anglo American's arm Anglo Coal South Africa.

Lonmin's Chairman, Roger Phillimore said: "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."

He said the company's renewal plan was on track with progress made towards initiatives to improve the "working and living environment of all Lonmin employees for the benefit of all stakeholders and shareholders".

Magara will take over from Simon Scott who has been acting CEO since August 2012 when Ian Farmer stepped down due to illness.

"Lonmin is a company with excellent assets. I am excited at the prospect of leading team Lonmin and contributing to making a positive difference," Magara said.

"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."

RD