Platinum Miner Lonmin has appointed Ben Magara as its new CEO and as a director with effect from 1 July 2013.
Magara, who is currently the executive head of engineering and capital projects at Anglo American Platinum (Anglo Platinum), was previously the CEO of Anglo Coal South Africa and responsible for Anglo Americans total coal business in South Africa with revenues of around US$2 billion .
“I am delighted to be able to announce the appointment of Ben Magara to lead Lonmin. 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,” says Lonmin’s chairperson Roger Phillimore.
Lonmin said that at Anglo Platinum, Magara’s tenure in all projects has been fatality free and amongst others the Unki platinum mine project ramped up to steady state one year ahead of schedule.
Magara has a 22 year distinguished career at the leading edge of the mining industry which has included a number of positions within the Anglo American Group. During his mining career he has shown operational ability spanning mining supervision, management and leadership.
“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,” asserts Magara.
He has also demonstrated an ability to work proactively and extensively with unions, government, and communities. He has a degree in Mining Engineering, has been a director of Anglo American South Africa since 2006, and is a non-executive director of Foskor.
“The Board is confident that Magara’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,” adds Phillimore.
Ben Magara is a Zimbabwean national, married with two children, and has been resident in South Africa for the last 19 years.
Simon Scott, who has been acting CEO since August 2012, will resume his role as CFO when Magara joins.
Simon rose magnificently to a huge challenge following Ian Farmer’s illness and we are deeply grateful to him for his unswerving commitment and his effective leadership in a difficult time, said Phillimore.
In accordance with the Listing Rules, Lonmin confirms that there are no additional matters relating that would require disclosure under LR 9.6.13 R (1) to (6), and that Magara has no beneficial interests in Lonmin ordinary shares.