NHM 201510200013A
Wage settlement concluded at Northam’s Booysendal mine
NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
JSE share code: NHM ISIN code: ZAE000030912
(“Northam Platinum” or “Northam”)
Wage settlement concluded at Northam’s Booysendal mine
Northam Platinum is pleased to advise that a three year wage agreement has been
concluded between mining contractor, Murray and Roberts Cementation (MRC) and
its representative unions, the Association of Mineworkers and Construction Union,
the National Union of Mineworkers and Solidarity across MRC operations. This
agreement will consequently be applied at the Booysendal Mine.
The agreement provides for increases in line with other recent wage agreements in
the industry.
Northam chief executive Paul Dunne said: “This is a good outcome for all
stakeholders as it provides certainty and stability going forward which will contribute
to consolidating the ramp-up to steady state production at Booysendal which is
expected to be achieved this month. We also recognise the mature and constructive
manner in which engagement has been undertaken.”
Johannesburg
20 October 2015
Sponsor and Debt Sponsor
One Capital
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