Update on interruption in production at Northam’s Zondereinde mine

Further to the notices to shareholders issued on Friday 5 April and on Tuesday 9 April 2013, 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. Employees were served with the court order yesterday, Wednesday 10 April 2013.

By this morning, Thursday 11 April 2013 employees had still not resumed their normal operations.

Management is trying to secure a meeting with the senior structures of the NUM, and welcomes any further talks at an operational level. The dismissal of employees is a very last resort and follows management’s various appeals to the disaffected employees to resume their normal duties and to use the dispute resolution procedures which are available to them.

Shareholders will be kept informed of further developments.

Johannesburg
11 April 2013

Issued by
Russell & Associates
Johannesburg
Tel +27 11 880 3924