Unprotected work stoppage at Zondereinde continues

The management of Northam advises that the unprotected work stoppage by the rock drill operators at the Zondereinde mine continues. An independent review of the application of the productivity bonus scheme at the Zondereinde mine has been completed. Talks with union representatives will continue today with the intention of bringing the matter to a close.

Losses to date approximate 12 500oz (3PGE+Au) in production and R143 million in revenue.

17 April 2013

Issued by
Russell & Associates
Tel +27 11 880 3924