NORTHAM PLATINUM LIMITED - Update on interruption in production at Northam's Zondereinde Mine (Zondereinde)
NHM 201304090011A
Update on interruption in production at Northam's Zondereinde Mine ("Zondereinde")
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 notice to shareholders issued on Friday 5 April 2013, Northam advises that striking
rock drill operators at Zondereinde have failed to resume their duties in spite of an ultimatum issued
to them before close of business on Monday 8 April 2013. The company will now follow due process
which could result in the dismissal of the affected employees.
The protracted interruption in drilling operations has a detrimental effect on underground working
conditions, which could pose a safety risk, and which will deteriorate further if normal operations
are not resumed expeditiously. A total of 165kg (5 300 ounces) of metal in concentrate has now
been lost, with revenue losses amounting to R62.7 million.
Shareholders will be kept informed of further developments.
Johannesburg
9 April 2013
Sponsor
One Capital
Date: 09/04/2013 11:35:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
