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Lonmin appoints new chairman

Brian Beamish has been appointed Lonmin chairperson following the retirement of Roger Phillimore, the platinum company said on Tuesday. According to Fin24, Lonmin's board of directors decided on Monday to confirm Beamish's appointment with immediate effect, it said in a statement.

Chairperson of the Lonmin nomination committee Jim Sutcliffe said he was pleased that Beamish accepted the position.

"After an extensive and exhaustive search process I am convinced that Brian was by far the best candidate and I look forward to supporting him as we develop and implement our plans."

Lonmin chief executive Ben Magara said he looked forward to continuing to work closely with Beamish to build a robust and sustainable Lonmin, reports Fin24.

Beamish, who has been interim chairperson since 1 May , accepted a seat on the Lonmin board on 1 November .

He is an engineer and has 36 years of experience with the Anglo American Group, where he held positions including group director of mining and technology, chief operating officer, and chief executive of global base metals, reports Fin24.

"Lonmin holds rights over a suite of exceptional platinum group metals (PGM) assets, has unmatched technical strengths and good people with the drive and skills to restore the business to profitability," Beamish said.

According to Fin24, the return to work following the five-month platinum strike was progressing well, he said.

Association of Mineworkers and Construction Union (Amcu) members at Lonmin, Anglo American Platinum, and Impala Platinum went on strike on 23 January, demanding a basic monthly salary of R12 500.