Zondereinde strike – update 7

The management of Northam Platinum advises that after a strike of six weeks, at its Zondereinde operation, by members of the National Union of Mineworkers, NUM's demands, in aggregate, remain at an increase of 16% on basic wages.

New R400 million short term revolving credit facility and amendments to Northam’s existing R1 billion revolving credit facility

Shareholders are referred to the announcement released on SENS on 20 September 2013. The company is pleased to advise shareholders that the R400 million STRCF referred to in the announcement has been secured and is available to Northam.

Results of the claw-back rights offer

Northam shareholders are referred to the announcements published on SENS on 20 September 2013 and 1 November 2013, as well as the circular to shareholders issued on 18 November 2013 (circular), setting out the details of Northam’s fully subscribed R600 million renounceable claw-back rights offer of 15 million new Northam ordinary shares.

Interest rate reset announcement

Noteholders are hereby advised of the interest rate reset on the following note.

Northam’s response to memorandum from the National Union of Mineworkers (NUM)

Text of a letter delivered to Messrs. F Baleni, E Tantsi and J Moloko of the NUM on 28 November 2013.

Northam clarifies public letter to NUM General Secretary

Shareholders and stakeholders will have noted Northam’s public communication initiative last week with the NUM.

Northam accepts memorandum from the NUM

The management of Northam Platinum confirms receipt of a memorandum delivered to the company’s corporate office in Johannesburg today, Tuesday 26 November.

Zondereinde strike – update 6

The management of Northam Platinum Limited advises that revenue losses at the company’s Zondereinde mine to date have grown to approximately R200 million.

Zondereinde strike: update 5

The management of Northam advises that the talks held at the Commission for Conciliation, Mediation and Arbitration on Friday 15 November 2013 to resolve the current impasse between the National Union of Mineworkers and the management of the Zondereinde division of the company were inconclusive.

Posting of Northam claw-back rights offer circular

Northam shareholders are referred to the finalisation announcement released on SENS on 1 November 2013 and published in the press on 4 November 2013, regarding the fully subscribed R600 million renounceable claw-back rights offer.

Zondereinde strike: update 4

The board of Northam Platinum has taken note of a memorandum delivered by the NUM to Zondereinde management on Tuesday 12 November requesting its involvement in the wage negotiation process.

Zondereinde situation: update 3

The management of the Zondereinde division of Northam has been advised by the NUM that the strike at the mine will continue, following the union’s rejection of the wage offer made by the company on Tuesday 5 November, for category 2 to 8 employees.

Results of the annual general meeting

Shareholders are advised that at the annual general meeting held on Wednesday, 6 November 2013, all the ordinary and special resolutions were approved by the requisite majority.

Zondereinde situation: update 2

The management of the Zondereinde division of Northam advises that further discussions were held with the National Union of Mineworkers today, Tuesday 5 November 2013.

Zondereinde mine update

The management of the Zondereinde division of Northam advises that all stoping and development related activities were suspended last night, Sunday 3 November 2013, when employees did not report for duty.

Finalisation announcement in respect of the claw-back offer

Northam shareholders are referred to the announcement released on the Stock Exchange News Service (“SENS”) on Friday, 20 September 2013.

Northam receives strike notice from the NUM

The management of the Zondereinde division of Northam advises that it has been served with a notice to strike by the National Union of Mineworkers (NUM) after the NUM rejected the company’s revised wage offer during a two-day facilitation process earlier this week.

Wage discussions continue at Northam’s Zondereinde division

The management of the Zondereinde division of Northam confirms that the company and the National Union of Mineworkers (NUM) continued their discussions with regard to the wage negotiations for the 2014 financial year.

Dealings in securities by director

In compliance with paragraphs 3.63 to 3.66 of the Johannesburg Stock Exchange Listings Requirements, Northam advises its shareholders of the following dealing by a director of the company.

No change statement and Notice of annual general meeting

Shareholders are advised that the summarised audited financial statements for the 12 months ended 30 June 2013 as contained in the notice and abridged report 2013, will be distributed electronically to shareholders today, 30 September 2013.

Innovative fund-raising programme to raise R1 billion

Northam Platinum today announced the details of a funding programme to the value of R1 billion which comprises a R600 million fully subscribed claw back rights offer and a R400 million additional revolving credit facility.

Interest rate reset announcement

Noteholders are hereby advised of the interest rate reset on the following note.

Change to the board of directors

In compliance with paragraph 3.59(b) of the Johannesburg Stock Exchange listings requirements, shareholders of Northam are advised that Dr N J Dlamini has resigned as a non-executive director, with effect from 30 September 2013.

Solid year for Northam Platinum

Northam Platinum Limited (Northam) posted results for the year ended 30 June 2013 to shareholders today.

Trading statement and general update

Shareholders are advised that the group’s earnings and headline earnings per share for the year ended 30 June 2013 are estimated to be between 60% and 70% higher than in the previous comparable period. Earnings per share of 81.2 cents and headline earnings per share of 80.9 cents were reported for the year ended 30 June 2012.

Listing of a tap issue – NHM001

The Johannesburg Stock Exchange has granted approval with effect from 11 July 2013 for the listing of a tap issue of NHM001 Senior Unsecured Floating Rate Notes, under the Northam R2 000 000 000 Domestic Medium Term Note Programme dated 3 August 2012.

Interest rate reset announcement

Noteholders are hereby advised of the interest rate reset on the following note.

Fatality at Zondereinde mine

Northam Platinum management advises with regret that an employee lost his life in a fall of ground accident at the company’s Zondereinde mine yesterday afternoon, Monday 27 May 2013.

Update on Northam’s Zondereinde smelter

Further to the company’s announcement on 16 May 2013 with regard to the reduction of energy intensity at the Zondereinde mine smelter, a series of ultrasonic tests and temperature readings have demonstrated erosion of the refractory bricks comprising the walls of the smelter in proximity to the slag interface. This has necessitated a rebuild of the smelter.

Northam’s Zondereinde mine smelter

Shareholders are informed that energy intensity at the Zondereinde mine smelter has been reduced from a maximum of 12 megawatts to a current average of 8 megawatts.

Update on the sale of Booysendal South

Northam confirms that the termination date for the fulfillment of certain of the conditions precedent to the implementation of the sale of Booysendal South to Aquarius Platinum Proprietary Limited, a subsidiary of Aquarius Platinum Limited expired on 30 April 2013.

Operations resume at Northam’s Zondereinde mine

Northam management confirms that drilling operations resumed at Zondereinde this morning Tuesday, 23 April 2013.

Unprotected work stoppage at Zondereinde continues

The management of Northam advises that the unprotected work stoppage at the Zondereinde mine continues.

Update on interruption in production at Northam’s Zondereinde mine

Northam advises that management continues to engage with representatives of the National Union of Mineworkers at national and regional level in an effort to resolve the impasse between the mine and striking rock drill operators regarding the methodology of bonus payments.

Update on interruption in production at Northam’s Zondereinde mine

Northam advises that it has obtained an interdict from the labour court which rules that the current work stoppage at Zondereinde is unprotected, and directs affected employees to resume their normal duties.

Northam Platinum announcement - Zondereinde update

Further to the notice to shareholders issued on Friday 5 April 2013, Northam advises that striking rock drill operators at Zondereinde have failed to resume their duties in spite of an ultimatum issued to them before close of business on Monday 8 April 2013.

Interruption in production at Northam’s Zondereinde mine

Northam advises its shareholders that production at Zondereinde has been interrupted since Tuesday, 2 April 2013.

Interest rate reset announcement

Noteholders are hereby advised of the interest rate reset on the following Note.

Sustained operational recovery at Zondereinde mine

Northam Platinum has issued its half-year results for the period ended 31 December 2012 today, Friday 22 February 2013.

Trading statement

Shareholders are advised that the group’s earnings and headline earnings per share for the six months ended 31 December 2012 are estimated to be between 30% and 45% lower than in the previous comparable period. Earnings per share of 51.8 cents and headline earnings per share of 51.9 cents were reported for the six months ended 31 December 2011.