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NHM - Northam Platinum Limited - Agreement reached on wages at Zondereinde

Release Date: 25/11/2011 10:34
Code(s): NHM
Wrap Text

NHM - Northam Platinum Limited - Agreement reached on wages at Zondereinde NORTHAM PLATINUM LIMITED Incorporated in the Republic of South Africa (Registration number 1977/003282/06) Share code: NHM ISIN code: ZAE000030912 ("Northam") AGREEMENT REACHED ON WAGES AT ZONDEREINDE The management of the Zondereinde division of Northam is pleased to advise that the 2011 wage negotiations have been successfully concluded with the National Union of Mineworkers (NUM) and Solidarity without any interruptions to operations. In terms of the two-year agreement reached, the average wage increases range from 9 to 9.5% in year 1, and 9 to 9.5% in year 2. The increases will be backdated to 1 July 2011. Johannesburg 25 November 2011 Sponsor One Capital Date: 25/11/2011 10:34:02 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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