NHM NHM001 201507300021A
Wage settlement concluded at Northam’s Zondereinde mine
NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
JSE share code: NHM ISIN code: ZAE000030912
Debt issuer code: NHMI ISIN code: ZAG000099524
(“Northam” or the “company”)
Wage settlement concluded at Northam’s Zondereinde mine
Northam is pleased to advise that wage negotiations at its Zondereinde mine have
been concluded with the representative union, the National Union of Mineworkers.
The three-year agreement provides for increases on basic wages and allowances of
13.0% for entry level underground employees in year 1, 11.6% in year 2 and 10.5%
in year 3.
Supervisory employees will receive a basic increase of 7.5% per year for each of the
three years.
Northam chief executive Paul Dunne said: “This is a good outcome for both
employees and the company as it provides certainty and allows all stakeholders to
focus on the sustainability of the business going forward. We also recognise the
mature and constructive manner in which engagement has been undertaken.”
Johannesburg
30 July 2015
Sponsor and Debt Sponsor
One Capital
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