| Lonmin plc | |
|---|---|
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| Type | Public |
| Founded | 1909 |
| Headquarters | London, England, UK |
| Key people | Sir John Craven (Chairman) Brad Mills (CEO) Alistair Ross (President) |
| Industry | Mining |
| Products | Platinum Group Metals |
| Revenue | $1,941 million USD (2007) |
| Operating income | $796 million USD (2007) |
| Net income | $408 million USD (2007) |
| Employees | 24,122 (2007) |
| Website | www.lonmin.com |
Lonmin plc (LSE: LMI, JSE: LOLMI), formerly Lonrho plc, was incorporated in the United Kingdom on 13 May 1909 as the London and Rhodesian Mining Company Limited. A public company usually refers to a company that is permitted to offer its registered securities ( Stock, bonds, etc Year 1909 ( MCMIX) was a Common year starting on Friday (link will display full calendar of the Gregorian calendar (or a Common year starting London ( ˈlʌndən is the capital and largest urban area in the United Kingdom. England is a Country which is part of the United Kingdom. Its inhabitants account for more than 83% of the total UK population whilst its mainland The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located For other uses of this term see Industry (disambiguation An industry (from Latin industrius, "diligent industrious" Mining is the extraction of valuable Minerals or other geological materials from the earth usually (but not always from an Ore body In Marketing, a product is anything that can be offered to a Market that might satisfy a want or need In business revenue or revenues is Income that a company receives from its normal business activities usually from the sale of goods and services The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. In financial and business Accounting, earnings before interest and taxes (EBIT is a measure of a firm's profitability that excludes interest and income tax expenses The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Net income is equal to the Income that a firm has after subtracting costs and Expenses from the total Revenue. The United States dollar ( sign: $; code: USD) is the unit of Currency of the United States; it has also been Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. Employment is a Contract between two parties, one being the employer and the other being the employee. Year 2007 ( MMVII) was a Common year starting on Monday of the Gregorian calendar in the 21st century. A website (alternatively web site or Web site, a back-construction from the Proper noun World Wide Web) is a collection of Web pages The London Stock Exchange or LSE is a Stock exchange located in London, England. The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom, the UK or Britain,is a Sovereign state located Events 1497 - Pope Alexander VI excommunicates Girolamo Savonarola. Year 1909 ( MCMIX) was a Common year starting on Friday (link will display full calendar of the Gregorian calendar (or a Common year starting London ( ˈlʌndən is the capital and largest urban area in the United Kingdom. Rhodesia was the name adopted when the formerly British colony of Southern Rhodesia declared itself independent ( Unilateral Declaration of Independence
Contents |
Strong growth
For many years during the second half of the twentieth century it was frequently in the news, not only due to the politically-sensitive part of the world in which it had mining businesses, but also – as it strove to become a conglomerate not wholly dependent on these businesses – in a number of takeover battles, most notably for the Harrods of Knightsbridge department store. A conglomerate is a large Company that consists of seemingly unrelated Business sections Harrods is a Department store located on Brompton Road in Knightsbridge, London, England. Knightsbridge is a road which gives its name to an exclusive district lying to the west of Central London. At this time (from 1962 to 1994) it was led by the multi-millionaire businessman Tiny Rowland. Roland "Tiny" Rowland ( November 27, 1917 &ndash July 25, 1998) was a British businessman and chairman of the
Sanctions-busting
Sir Angus Ogilvy, married to a member of the British royal family (Princess Alexandra of Kent), was a Lonrho director and this increased media interest in the company's affairs. Sir Angus James Bruce Ogilvy, KCVO ( 14 September 1928 &ndash 26 December 2004) was a British businessman best known as the husband Ogilvy's career ended when Lonrho was involved in a sanctions-busting scandal concerning trade with Rhodesia. Prime Minister, Edward Heath, criticised the company, describing it in the House of Commons in 1973 as "an unpleasant and unacceptable face of capitalism. Sir Edward Richard George Heath, KG, MBE (9 July 1916 &ndash 17 July 2005 often known as Ted Heath, was Prime Minister of the United Kingdom The House of Commons' is the Lower house of the Parliament of the United Kingdom, which also comprises the Sovereign and the House of Lords "
Post-Rowland
Tiny Rowland was finally ejected from Lonrho in October 1993 after a boardroom tussle with director Dieter Bock. However, Rowland's parting shot was to get the board to appoint his nominee, Sir John Leahy, to succeed him as chairman. Sir John Leahy KCMG (born February 7, 1928) is a former senior British diplomat
Two months before Rowland's death (on July 26, 1998) the assets of Lonrho were demerged. Events 657 - Battle of Siffin. 811 - Battle of Pliska; Byzantine Emperor Nicephorus Year 1998 ( MCMXCVIII) was a Common year starting on Thursday (link will display full 1998 Gregorian calendar) Two publicly listed companies, Lonrho plc and Lonrho Africa plc were created – the former retaining all the non-African businesses and mining assets. In 1999 Lonrho plc was renamed as Lonmin plc and a new era as a focused mining company began. Since then it has divested itself of all non-core assets.
Chief Executives
- 1994?–Nov 2000: Nicholas J Morrell
- Nov 2000–March 2004: G Edward Haslam
- March 2004: Bradford A Mills
External links
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