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NORTHAM PLATINUM LIMITED - Update on interruption in production at Northams Zondereinde Mine

Release Date: 11/04/2013 11:10
Code(s): NHM     PDF:  
Wrap Text
Update on interruption in production at Northam’s Zondereinde Mine

NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Share code: NHM
ISIN code: ZAE000030912
(“Northam” or “the company”)

UPDATE ON INTERRUPTION IN PRODUCTION AT NORTHAM’S ZONDEREINDE MINE
(“ZONDEREINDE”)



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


Sponsor
One Capital

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