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NORTHAM PLATINUM LIMITED - Industrial action at Northams Zondereinde Mine

Release Date: 14/01/2015 10:19
Code(s): NHM001 NHM     PDF:  
Wrap Text
Industrial action at Northam’s Zondereinde Mine

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



INDUSTRIAL ACTION AT NORTHAM’S ZONDEREINDE MINE



Northam Platinum Limited confirms that employees at the Zondereinde Mine, in Limpopo,
embarked on unprocedural industrial action with effect from the night shift on
13 January 2015.


Zondereinde management is seeking to engage with representatives of the National Union
of Mineworkers (NUM) in an effort to understand the cause of the industrial action, and to
expeditiously resolve the matter. Management has communicated with employees, and has
sought an urgent application to the Labour Court for the action to be declared unprotected,
and requiring employees to return to work.


Zondereinde’s smelter operations are unaffected.


Shareholders will be kept informed of further developments.


Johannesburg
14 January 2015


Sponsor and debt sponsor
One Capital

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