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Topic: Lonrho

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	www.lonrho.com
		LONRHO is a pan-African company with a diverse portfolio of investments focusing on Africa.Â Its investments range from primary infrastructure to transportation, support services, hotels and leisure and natural resources.
		Lonrho is re-establishing a significant presence on the African Continent through strategic investments across sectors in fast-growing African economies.
		Lonrho is investing in natural resource projects primarily in the exploration and production stages of advanced precious metals or base metals and energy related projects such as uranium, oil and gas.
	www.lonrho.com (252 words)

	Lonrho (Site not responding. Last check: 2007-10-29)
		Lonrho is planning to take full control of its platinum division and change its name to Lonmin, as part of a strategy to transform itself from a conglomerate into a mining company.
		Lonrho is to acquire Tavistock Collieries, the South African coal producer, from JCI for £229m, and JCI is expected to use the proceeds to acquire a 26.7% stake in Lonrho.
		Lonrho is selling its 94% stake in Lonrho Sugar Corporation to Illovo Sugar of South Africa for £227m, in order to reduce debt and prepare for a restructuring.
	www.ukbusinesspark.co.uk /lonrhoaa.htm (308 words)

	[No title]
		Lonrho has made a good start in the year since Lenigas moved into the company that had been reduced to a paltry 59pc stake in a Mozambique hotel.
		Lonrho's new "acceptable face" of capitalism is realistic about the challenges of operating in famously corrupt Africa but, as Lenigas said in a recent interview, "there are so many good deals around, there's no need to do the dodgy ones".
		Lonrho Africa’s chairman and chief executive David Lenigas laughs off the suggestion that he is the new "Tiny" Rowland, but he doesn’t work hard to deny it.
	www.telegraph.co.uk /money/main.jhtml?xml=/money/2007/04/04/cnlonrho04.xml (1005 words)

	Lonrho's back for a crack at Africa - Business - Business - smh.com.au
		Mr Lenigas, who joined the company in December, is on a mission: to restore Lonrho to its position as the first port of call for investors wanting a stake in Africa.
		Ten years ago Lonrho owned the finest game reserves in Africa, had hotels across the continent, exclusive rights to distribute Toyota vehicles, dealerships for Mercedes-Benz, VW and Audi, as well as gold and other mines, property and land.
		Last week Lonrho completed the acquisition of the only deep-water port in Equatorial Guinea, which is set to become one of the wealthiest countries in Africa as its huge offshore oil reserves come on stream.
	www.smh.com.au /news/business/lonrhos-back-for-a-crack-at-africa/2006/05/15/1147545261699.html (881 words)

	LONHRO THINKS ITS WAY TO GREAT PRODUCTIVITY AND WORLDCLASS
		In what is believed to be a first for the mining industry worldwide, and moving ahead of most other companies in the world, Lonrho has successfully introduced a project teaching Edward de Bono’s thinking skills to all staff, including mine workers thus empowering them in decision-making and problem solving.
		Lonrho agrees with the philosophy that thinking skills form the basic elements for all forms of learning.
		Lonrho Human Resources manager, Greg Colin says: "Thinking skills training is not a stand alone intervention, but forms part of a whole process to develop team building in the natural team.
	www.edwdebono.com /debono/lonrho.html (1566 words)

	Lonrho to gamble £100m in Zimbabwe fund - Telegraph
		Lonrho is to double the size of a planned Zimbabwe investment fund to meet strong demand from around the world, according to chairman David Lenigas.
		"My vision is that Lonrho puts hundreds of thousands of Zimbabweans back to work with reasonable pay and a future for their families.
		Originally the London and Rhodesia Mining and Land Company, Lonrho remains a household name in Africa and Tiny Rowland is still revered.
	www.telegraph.co.uk /money/main.jhtml?xml=/money/2007/06/07/cnlonrho107.xml&DCMP=ILC-traffdrv07053100 (703 words)

	www.miningmx.com \| mybk2006 Lonrho comes back to life
		The name change to Lonrho Africa only thinly masks the fact that this is the old Lonrho shaken from its slumber.
		Lonrho Africa was formerly Tiny Rowland’s Lonrho, the firm that former British prime minister Edward Heath called “the unacceptable face of capitalism”.
		The appointment of Gerard Holden, the former MD and global head of mining and metals at Barclays Capital, to Lonrho’s board as joint chairman is also meant to oil the wheels of finance.
	www.miningmx.com /mybk2006/939267.htm (568 words)

	business.iafrica.com \| business news Lonrho subsidiary to be de-merged
		Lonrho Africa, through LATF, operates one defined benefit pension scheme in the UK, the John Holt Pension Scheme, the assets of which are held separately from those of Lonrho Africa under a trust.
		Lonrho has proposed the de-merger in order to unlock the potential shareholder value in the scheme, making it more visible and attractive to potential purchasers.
		The proposal still requires Lonrho shareholder approval, among other conditions precedent, with a shareholders' meeting set to take place on March 16.
	business.iafrica.com /news/415862.htm (261 words)

	Multinational Monitor, February 1980
		Lonrho claimed its Rhodesian companies met the sanctions guidelines by being "independent"-- with all control in the hands of the local Rhodesian board and no money passing between the parent company and its Rhodesian subsidiaries.
		Lonrho claimed that Tanzania has prevented Coopers and Lybrand, the accounting firm conducting an independent valuation of the seized assets, from releasing the results of its audit to Lonrho.
		Lonrho's critics in London have been numerous, especially since a 1973 boardroom dispute over Rowland's continued leadership of the company revealed Lonrho's extensive use of tax havens to pay addition fees to some of its directors.
	multinationalmonitor.org /hyper/issues/1980/02/ratner.html (1425 words)

	Mozambique: The Business of peace (Site not responding. Last check: 2007-10-29)
		The protection agreements between Lonrho and Renamo were complicated by the fact that Renamo’s main backer in the 1980s, South Africa, considered the destruction of the Beira pipeline a priority.
		This attack strengthened the belief of Lonrho’s board that running militarized farms in a civil war was no longer feasible and that Rowland’s efforts to assist the peace process should be fully supported.
		In addition, the extensive agricultural activities of Lonrho were severely affected by the drought, a problem compounded by the increasing difficulty of recruiting staff to work in a war zone.
	www.c-r.org /our-work/accord/mozambique/business-peace.php (4726 words)

	Lonrho Africa narrows loss
		During the half-year, Lonrho disposed of the businesses and assets in Africa and at the same time the company continued to investigate new business opportunities in the UK.
		Lonrho's hotel division suffered a pre-tax loss of £214 000 compared with £447 000 loss in the previous interim period.
		The sale of the Lonrho Africa shareholding in Kariba Minerals in Zambia was completed in May 2004 for a cash consideration of $345 000.
	www.news24.com /News24/AnanziArticle/0,,1518-24_1547494,00.html (305 words)

	Business News of Monday, 8 December 1997 (Site not responding. Last check: 2007-10-29)
		LONRHO, the British-based mining conglomerate, is thought to be planning a takeover bid for JCI of South Africa.
		The Lonrho approach follows the recent announcement that JCI plans to swap its gold interests with Anglo American, the South African mining giant, in return for Anglo's 28% stake in Lonrho.
		Lonrho's Dutton-Forshaw motor dealership is likely to be sold in the next few weeks to a venture-capital-backed management buyout team for about £100m, including its debts.
	www.ghanaweb.com /GhanaHomePage/NewsArchive/artikel.php?ID=3191 (537 words)

	Multinational Monitor, April 1982 (Site not responding. Last check: 2007-10-29)
		He said that a Lonrho team, probably including Rowland, would be returning to Uganda soon to set the terms of the deal.
		Lonrho already owns at least five newspapers in Africa, including the Kenya Sunday Standard, in addition to the Glasgow Herald and Evening Times and 33 other weekly newspapers in Scotland.
		Lonrho also owns the specialty printing plant in England which prints British stamps:' Printing and publishing contributed 7% of the firm's profits in 1979.
	multinationalmonitor.org /hyper/issues/1982/04/lonrho.html (264 words)

	www.mineweb.net \| co_releases Lonrho Africa (Site not responding. Last check: 2007-10-29)
		Lonrho Africa is pleased to announce that it has agreed to acquire a substantial direct interest in South African diamond producer Nare Diamonds Limited (“Nare”).
		Lonrho Africa has subscribed for 14.44 million ordinary shares at 10.4 pence per share as part of a pre-IPO funding.
		Lonrho Africa is in the process of re-establishing a significant presence on the African continent.
	www.mineweb.net /co_releases/212688.htm (541 words)

	End of Lonrho era
		Lonrho Hotels had 100 per cent shareholding in the Norfolk Hotel and Mara Safari Club, 75 per cent in Mount Kenya Safari Club and 59.67 per cent in Aberdare Country Club and The Ark.
		It was partly due to these intrigues that Rowland was ousted from his position as Lonrho chief by German businessman, Dieter Bock, in a boardroom coup ten years ago.
		The sale of the Lonrho hotels, which sources say was finalised in London, is the largest take-over by a Saudi national in Kenya.
	www.eastandard.net /archives/cl/print/news.php?articleid=20444 (1008 words)

	INTERNATIONAL MANAGER : Dieter Bock Steers Lonrho Into 1995
		Lonrho's hotel operations, which include the Metropole chain in Britain and the Princess chain, largely in the Caribbean, provide an example of this.
		Bock came to Lonrho two years ago with a strong background in hotel management: Owning hotels in his native Germany had earned him a pile of cash.
		For a long time, Lonrho had valued its stake in Ashanti Goldfields Corp., a huge gold mine it co-owns with the government of Ghana, at just £113 million.
	www.iht.com /articles/1995/01/12/lonrho.php (838 words)

	Lonrho looks to exit Africa
		Johannesburg - Lonrho Africa (Lonrho) on Thursday reported a loss for the year to September 2003, and reaffirmed its intention to exit from its African assets and businesses.
		Lonrho has interests in motors, agri-business, hotels, distribution as well as property and construction.
		Lonrho's total operating loss for the year was £1.4m, down from £100 000 loss before.
	www.news24.com /News24/AnanziArticle/0,6935,1518-24_1493409,00.html (178 words)

	Standard Bank: Lonrho Africa plc
		Lonrho shareholders are referred to the announcement dated 6 April 2005, which advised shareholders that the record date for the demerger was 20 April 2005.
		Lonrho announced that at the court meeting, the extraordinary general meeting and the AGM, held on 16 March 2005, shareholders approved all the resolutions put to the respective meetings.
		Lonrho announced that it has completed the disposal of the group`s 100 percent interest in Ol Pejeta Ranching Netherlands Holdings BV for a cash consideration of USD14.75 million.
	www.profile.co.za /standardbank/sdt/data/003546/Notes.htm (1239 words)

	InvestEgate, Lonrho Africa PLC - Final Results
		Lonrho Africa PLC 30 March 2006 For Immediate Release Lonrho Africa Plc ('Lonrho Africa', the 'Company' or the 'Group') Preliminary Results for the year ended 30 September 2005 Highlights • Successful demerger of Lonrho Africa Trade & Finance Limited • Disposal strategy almost completed following the sale of the Group's 100 per cent.
		Lonrho Africa's new investment strategy was approved at an Extraordinary General Meeting held on 24th February 2006.
		On 22nd April 2005 the entire issued share capital of LATF was transferred by Lonrho Africa, by means of a Court approved Scheme of Arrangement, to Castle Acquisitions, which allotted shares to qualifying shareholders in Lonrho Africa by way of consideration.
	www.investegate.co.uk /Article.aspx?id=200603300700536415A (1874 words)

	The EastAfrican
		Equally mum was Lonrho East Africa chairman Mark Too, who was inducted into the dizzy heights of big business by Rowland at a time when the magnate was tryingalign himself politically to the Moi government following the death of Mzee Jomo Kenyatta in 1978.
		With that, the appointment as Lonrho's deputy chairman in Kenya was sealed.
		Lonrho's vain attempts to build support for Angola's UNITA movement during the 70s had been beaten off by Julius Nyerere, who as chairman of the Frontline States favoured backing for the "Marxist" MPLA.
	www.nationaudio.com /News/EastAfrican/0308/Regional/Regional2.html (946 words)

	www.mineweb.net \| co_releases Lonrho Africa (Site not responding. Last check: 2007-10-29)
		Lonrho Africa announces that it has acquired 63% of the issued share capital of Luba Freeport Limited (“Luba Freeport”) located in Equatorial Guinea (“EG”) for a cash consideration of US$2 million.
		As part of the transaction, Lonrho Africa has agreed with the EG Government to maintain the overall development programme for the Port facilities.
		In a letter sent to Lonrho Africa, the EG Prime Minister stated that Luba Freeport was of vital importance and gave an assurance of the EG Government’s on-going support to Lonrho Africa and the development of the Luba Freeport.
	www.mineweb.net /co_releases/314942.htm (890 words)

	Paid to Make Peace (washingtonpost.com)
		But Lonrho, a British company, chose that moment to buy a large swath of the country and farm cotton on it.
		The case for Lonrho's behavior in the 1980s was not all that different from the case for government-hired mercenaries today.
		The trouble is that rich governments are not as blunt as Lonrho, and refuse to acknowledge this bottom line.
	www.sandline.com /hotlinks/article9.html (845 words)

	BBC NEWS \| Business \| Lonrho deserts Africa
		Lonrho Africa, once one of the continent's most powerful and wide-reaching business empires, has decided to desert Africa for more profitable ventures elsewhere.
		A spokeswoman for the firm declined to comment on Lonrho's decision to leave Africa but said the sell-off was in line with the firm's debt reduction strategy.
		Lonrho Africa was orignially an unprofitable mining firm in Zimbabwe.
	news.bbc.co.uk /2/hi/business/2863673.stm (329 words)

	Safari Magic. Lonrho Lodges & Hotels in Kenya, East Africa. (Site not responding. Last check: 2007-10-29)
		Lonrho Lodges and Hotels in Kenya, East Africa.
		The Lonrho Hotels in Kenya tend towards genteel character, often with historical significance.
		The aim of the project, initiated by Lonrho East Africa, Kenya Wildlife Services and the Jane Goodall Institute, was to set up a colony where orphaned and abused chimps could be introduced, rehabilitated and taught to fend for themselves.
	www.safarimagic.com /accom_lonrho.htm (1160 words)

	Business News of Wednesday, 28 May 1997 (Site not responding. Last check: 2007-10-29)
		Lonrho, the conglomerate, decided to continue merger talks with JCI, the South African mining house, following a board meeting yesterday.
		Lonrho and JCI, advised by Deutsche Morgan Grenfell and SBC Warburg respectively, are far from hammering out a common position on price or the value of assets.
		Lonrho shares closed down 11/2p to 143p yesterday, against 190p a year ago.
	www.ghanaweb.com /GhanaHomePage/economy/artikel.php?ID=786 (268 words)

	PRESS RELEASE No 21/99 : THE CONCENTRATION BETWEEN GENCOR AND LONRHO IS INCOMPATIBLE WITH THE COMMON MARKET
		Lonrho plc is a company incorporated under English law which operates in various sectors, in particular in mining and metals.
		By decision of 24 April 1996, the Commission declared that the concentration was incompatible with the common market on the ground that it would have led to a collective dominant position on the part of the entity arising from the concentration and Amplats in the world platinum and rhodium market.
		Gencor and Lonrho carry out sales in the Community to a value of more than ECU 250 million, the threshold set by the regulation in order for it to apply.
	curia.europa.eu /en/actu/communiques/cp99/cp9921en.htm (969 words)

	Suit implicates Lonrho in Rowland-Fayed war - Lonrho PLC, R.W. Rowland, Mohammed Fayed - Brief Article American Metal ...
		LONDON -- Lonrho Plc is alleged to have made secret payments totaling more than $830,000 to get inside information on foes during R.W. "Tiny" Rowland's unsuccessful bid for ownership of House of Fraser, an exclusive British department store chain which includes Harrod's, in the mid-1980s.
		The Lonrho conglomerate includes roughly 900 separate companies and is a major producer of gold, platinum group metals and coal.
		The sole head of Lonrho for decades until Bock purchased a major stake last year, Rowland fought a tempestuous and much - publicized battle with the family of Mohammed Fayed over control of House of Fraser, which the latter eventually purchased for close to $1 billion.
	www.findarticles.com /p/articles/mi_m3MKT/is_n8_v102/ai_14911703 (315 words)

	Lonrho Africa
		JSE-listed Lonrho Africa announced on Friday that it had signed an agreement to acquire a 34% interest in Sociedade de Aguas de Mocambique, Mozambique’s largest mineral water company, for $1,21-million.
		Lonrho intended increasing its holding to over 50% by buying out minority shareholders in the future, the company said in a statement to shareholders.
		"Lonrho has acquired an interest in a rapidly growing and well known brand of water with existing cash flows and infrastructure, an established distribution network, and further organic growth prospects both in Mozambique and the export market,” said Lonrho’s CE David Lenigas.
	www.engineeringnews.co.za /article.php?a_id=107659 (362 words)

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