NHM - Northam - Interruptions to mining and processing operations
NHM
NHM
NHM - Northam - Interruptions to mining and processing operations
NORTHAM PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1977/003282/06)
JSE code: NHM
ISIN: ZAE000030912
("Northam" or "the company")
Interruptions to mining and processing operations
Johannesburg, 25 January 2008. Northam Platinum Limited advises that mining
operations at the company~s Northam mine in Limpopo Province have been
adversely affected by power outages over the past two weeks, and were
suspended this afternoon, Friday, 25 January 2008 owing to insufficient power
to safely continue normal operations. This action follows on some limited
underground activities during the morning.
Northam has been advised by Eskom that its ability to maintain 40% of the
normal base-load of power has been severely compromised by a number of
factors. Although Northam understands from Eskom that it is committed to
normalizing the situation, Northam has not been informed as to when the supply
of the normal base-load will be restored. Northam is therefore unable to
indicate with any certainty when operations will resume.
Distributed by:
Russell & Associates
Johannesburg
25 January 2008
Sponsor:
Barnard Jacobs Mellet Corporate Finance (Pty) Limited
Date: 25/01/2008 17:19:36 Produced by the JSE SENS Department.
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