NHM001 NHM 201401060006A
Zondereinde mine update 8
NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Share issuer code: NHM
Debt issuer code: NHMI
ISIN code: ZAE000030912
(“Northam” or “the company”)
Zondereinde mine update 8
The management of Northam advises that it is seeking to secure a further meeting with the
leadership of the NUM under the auspices of the CCMA in an attempt to resolve the strike
action at the company’s Zondereinde platinum mine in Limpopo Province
The NUM’s latest demands, tabled at a CCMA meeting on 07 December 2013, and which
amount to an average increase of 16% in wages, and a 69% increase in the living out
allowance, remain unaffordable for the company and out of kilter with the settlements
reached in the gold sector and at a number of other platinum producers.
To date the company has lost R500 million in revenue, and employees losses in wages have
now reached the R100 million level.
Shareholders will be kept informed of progress.
Johannesburg
6 January 2014
Sponsor and Debt Sponsor
One Capital
Date: 06/01/2014 11:00:00 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 has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
