'Lonmin dismisses AIDC allegations', 16 Oct 2014: The Alternative Information Development Centre (AIDC)...released their report entitled “The Bermuda connection: profit shifting and unaffordability at Lonmin 1999-2012”. AIDC admits it is not expert in tax... Nevertheless it continues to produce documents and press statements containing false accusations, misleading generalisations, ignorant conjecture and destructive innuendo. Lonmin pays tax fully and properly in all jurisdictions in which it operates. Our financial statements and structures are audited by KPMG and South African Revenue Services...Lonmin’s financial statements are prepared in accordance with the International Financial Reporting Standards...If the AIDC believes there is any impropriety it should report this to the relevant authorities...Regarding the payment of wages: Lonmin’s wage settlements since 2007 have consistently outstripped inflation and profit growth...[Furthermore] Lonmin has provided the Farlam Commission (and more recently the media) with detailed explanations of its published financial statements and...structures...Lonmin reserves all its rights with regard to legal recourse...