Wage settlement concluded at Northam’s Zondereinde mine

Johannesburg, 30 July 2015: Northam Platinum is pleased to advise that wage negotiations at its Zondereinde mine have been concluded with the representative union, the National Union of Mineworkers.

The three-year agreement  provides for increases on basic wages and allowances of 13.0% for entry level underground employees in year one, 11.6% in year two and 10.5% in year three. 

Supervisory employees will receive a basic increase of 7.5% per year for each of the three years.

Northam chief executive Paul Dunne said today: “This is a good outcome for both employees and the company as it provides certainty and allows all stakeholders to focus on the sustainability of the business going forward. We also recognise the mature and constructive manner in which engagement has been undertaken.”

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

Marion Brower +27 (0) 82 895 0698
Charmane Russell +27 (0) 82 372 58164