Strike called off at Northam: work to resume Tuesday night

The management of Northam Platinum is pleased to advise that, following an agreement with the National Union of Mineworkers last night, Monday 7 May 2007, the strike at the mine has been called off. Employees have been advised of the resumption of mining activities tonight, Tuesday 8 May 2007.

Meanwhile, an independent mediation process and an audit into the mine’s industrial relations policies and procedures has been put in motion. The intention is for this to be followed by a relationship building exercise between the various parties.

A total of 5 500 employees began the unprotected work stoppage at the start of the night shift on Sunday (29 April 2007).

Revenue losses are estimated at some R12 million per day. By the end of today, Tuesday 8 May 2007, Northam would have lost seven production days.

Johannesburg
8 May 2007

Contacts:

James Duncan
Tel: 011 880 3924
Mobile: 082 892 8052

Marion Brower
Tel: 011 880 3924
Mobile: 082 895 0698