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Tue 1 Jan to Sun 30 Jun 2013 to be announced

Mining company Lonmin to install new CEO

  • By Eva HS
  • Last update: 3 years ago
  • South Africa

mining helmets

flickr-Frank Jakobi

Mining giant Lonmin is to install a new CEO, following the resignation of Ian Farmer after months of deadly strikes at the company's Marikana mine and financial struggles as a result of weak platinum prices worldwide.

Farmer worked for the company for over 26 years, four of which as a chief executive before falling ill in August.

"We will greatly miss Ian's ability, commitment and drive, which he has devoted to the company over a career spanning more than 26 years", Lonmin chairman Roger Philimore commented on Farmer's resignation.

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