JOHANNESBURG (miningweekly.com) – Dual-listed Lonmin on Monday said it was reviewing its housing plan and was confident of submitting a compliant plan to the Department of Mineral Resources (DMR).
This follows engagement with and directions provided by the DMR in September concerning certain revisions to Lonmin’s housing plan.
President Jacob Zuma at the weekend said the DMR would ask Lonmin for a compliant housing plan and warned that the DMR may revoke the company’s mining rights if it does not comply.
He was giving an update on steps taken by various government departments to implement the Farlam Commission of Inquiry’s recommendations.
"A compliant housing plan will be requested from Lonmin, failing which immediate action in the form of suspension or cancellation of the mining right will be taken," Zuma stated.
Lonmin sais it had already implemented a number of measures as part of its ongoing housing plan and had completed the conversion of all hostels into 1 908 single and 776 family units.
The miner added that it had taken proactive steps to meet its obligations despite the unfavourable economic climate by including long-term, sustainable housing solutions in its capital expenditure budgets.