Ramaphosa appointed to Lonmin's board
Consequently, Cyril Ramaphosa has been appointed to the Lonmin board as a non-executive director.
Lonmin PLC, a producer of platinum-group metals, Tuesday urged shareholders to vote for a rights issue to reduce its debt, saying the company may otherwise be unable to comply with its financial covenants and adding that failure to proceed would leave the company in a vulnerable position in talks with its banking group.