NHM - Northam - Strike Called Off At Northam: Work
NHM
NHM
NHM - Northam - Strike Called Off At Northam: Work To Resume Tuesday Night
NORTHAM PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1977/003282/06)
JSE code: NHM
ISIN: ZAE000030912
("Northam" or "the company")
STRIKE CALLED OFF AT NORTHAM: WORK TO RESUME TUESDAY NIGHT
The management of Northam Platinum is pleased to advise that, following an
agreement with the National Union of Mineworkers last night, Monday, 7 May
2007, the strike at the mine has been called off. Employees have been
advised of the resumption of mining activities tonight, Tuesday, 8 May
2007.
Meanwhile, an independent mediation process and an audit into the mine`s
industrial relations policies and procedures has been put in motion. The
intention is for this to be followed by a relationship building exercise
between the various parties.
A total of 5 500 employees began the unprotected work stoppage at the start
of the night shift on Sunday (29 April 2007).
Revenue losses are estimated at some R12 million per day. By the end of
today, Tuesday, 8 May 2007, Northam would have lost seven production days.
Johannesburg
8 May 2007
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Contacts:
James Duncan
Tel: 011 880 3924
Mobile: 082 892 8052
Marion Brower
Tel: 011 880 3924
Mobile: 082 895 0698
Date: 08/05/2007 15:52:01 Produced by the JSE SENS Department.
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