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Update on interruption in production at Northam's Zondereinde Mine ("Zondereinde" or "the 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” OR “THE MINE”):
Northam advises that the unprotected work stoppage at the company’s Zondereinde mine
continued today, Monday 15 April 2013.
In an effort to resolve the impasse with striking rock drill operators, management has continued to
engage with representatives of the National Union of Mineworkers (NUM) at national and regional
level. The parties and the union have agreed on a review of the application of the mine’s
productivity bonus system.
In terms of a Labour Court interdict the current work stoppage at Zondereinde is unprotected.
Employees are urged to return to work, and to engage through the established and agreed dispute
resolution procedures. Employees have been reminded that failure to heed the terms of the
interdict could lead to dismissals.
To date, Northam has lost around 10 600 ounces of 3PGM + Au and around R122.1 million in
revenues.
Shareholders will be kept informed of further developments.
Johannesburg
15 April 2013
Sponsor
One Capital
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