Lonmin's CEO Sees Improved Cash and Liquidity Positions

The transcript features an interview with Lonmin CEO Ben Mcgarrah discussing the company's financial improvements, cash management strategies, and efforts to address social and labor unrest. Mcgarrah reassures the market of Lonmin's cash neutrality and highlights the challenges posed by South Africa's political climate. He emphasizes the importance of relationships with unions, government, and communities to navigate these challenges and foster economic growth.

What was the adjusted operating loss reported by Lonmin?

• $35 million

• $50 million

• $40 million

• $25 million

How much did Lonmin improve its net cash position to?

• $75 million

• $70 million

• $60 million

• $80 million

What is Lonmin's strategy to remain cash neutral?

• Increasing CapEx

• Controlling prices and exchange rates

• Focusing on controllable areas

• Reducing production

What is a major challenge Lonmin faces in its operating environment?

• High production costs

• Social and labor unrest

• Lack of resources

• Competition from other firms

Where is Lonmin moving its South African headquarters?

• Pretoria

• Cape Town

• Durban

• Mericana

How does the political climate in South Africa affect Lonmin?

• It simplifies business operations

• It creates opportunities for growth

• It makes liaising with ministries more difficult

• It has no impact

What initiative is Ben Mcgarrah part of to help grow the economy?

• CEO Initiative

• South African Economic Council

• Business Development Group

• Economic Growth Forum