Chief executive is undergoing treatment
Platinum miner Lonmin, facing a strained balance sheet, a shortfall in production and lost revenue after a violent strike that left 44 dead, has appointed its chief financial officer as acting chief executive.
The South Africa-focused company, the third-largest in the sector, said Simon Scott would take the helm while chief executive Ian Farmer pursues a course of treatment for an unspecified illness.
Lonmin said it would be “some months” before Farmer would return to work full time.
Troubled platinum miner Lonmin appoints acting CEO
Chief executive is undergoing treatment
Platinum miner Lonmin, facing a strained balance sheet, a shortfall in production and lost revenue after a violent strike that left 44 dead, has appointed its chief financial officer as acting chief executive.
The South Africa-focused company, the third-largest in the sector, said Simon Scott would take the helm while chief executive Ian Farmer pursues a course of treatment for an unspecified illness.
Lonmin said it would be “some months” before Farmer would return to work full time.