Industrial action at Northams Zondereinde Mine: update 4

Discussions continue between management and NUM leadership

Northam Platinum Limited advises that the situation at the company’s Zondereinde Mine remains unchanged while management continues to engage with the National Union of Mineworkers (NUM) in a bid to normalise operations as soon as possible.

Strike action led by the NUM started with the night shift on Tuesday 13 January. Following employees’ failure to return to work, in contravention of the terms of a Labour Court interdict, management temporarily suspended operations at the mine amidst rising tension amongst striking and non-striking employees. Effectively, operations have been suspended since Friday, 16 January 2015 in the interests of securing the safety and security of employees and company property.

Essential services employees continue to report for duty as per existing agreements while smelter operations continue.

The ongoing strike action results in production losses of around 1 000oz of PGMs per day, equating to revenue of R11.5 million per day. Employees forfeit wages and benefits in the order of R2.4 million per day.

Issued by
Russell & Associates
Tel +27 (0)11 880 3924

Marion Brower +27 (0) 82 895 0698
Charmane Russell +27 (0) 82 372 5816
Memory Johnstone +27 (0)11 880 3924