Interruption in production at Northam’s Zondereinde mine
Northam advises its shareholders that production at Zondereinde has been interrupted since Tuesday, 2 April 2013. An estimated 120kg (3 900 ounces) of metal in concentrate (3PGM+Au) production has been lost, translating into revenue losses of approximately R46.2 million.
The interruption was caused by Zondereinde’s rock drill operators who are refusing to drill while underground. Zondereinde’s management team has constituted a consultative forum and is engaging with employee representatives in an attempt to resume operations as soon as possible.
The Company shall continue to inform its shareholders of further developments in this regard.
5 April 2013
Russell & Associates
Tel +27 11 880 3924