Northam and NUM reach agreement

Northam Platinum Limited and the National Union of Mineworkers (NUM) confirm that the parties have reached a final agreement on wages and various other issues in annual wage negotiations for the period 1 July 2007 to 30 June 2008. In terms of the agreement, all employees in the NUM bargaining unit (5,935 employees) will receive a 10% across-the-board wage increase. The agreement will take effect from 1 July 2007.

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