• IS provokes sea-change

    It has been a grave mistake to defy both Russia and France, says Leopold Scholtz.

  • Nene's SAA nemesis

    No political figure seems to have the guts to speak out against Dudu Myeni, says Solly Moeng.

  • The mp3 revolution

    Ian Mann takes a look at the war between digital music and the compact disc.

All data is delayed
See More

Northam Platinum jobs under threat

Apr 09 2013 12:53
I-Net Bridge

Company Data


Last traded 24
Change 0
% Change -2
Cumulative volume 1062785
Market cap 0

Last Updated: 27-11-2015 at 05:00. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Strike costs Northam R46m

Northam sees subdued earnings growth

Northam profits surge on output

Num makes wage deal with Northam

No surprise as Northam profit halves

Northam Platinum earnings slump 30%

Johannesburg - Northam Platinum [JSE:NHM] said on Tuesday striking rock drill operators at its Zondereinde mine face possible dismissal after failing to resume their duties despite an ultimatum issued on April 8.

The “illegal” strike action relates to demands for bonus increases of about 38%.

Production at the mine has been suspended since April 2‚ leading to a loss of 165kg (5 300 ounces) of metal in concentrate to date while revenue losses amounted to R62.7m.

Northam said the protracted interruption in drilling operations has a detrimental effect on underground working conditions, which could pose a safety risk and will deteriorate further if normal operations are not resumed expeditiously.

Northam, which is one of the country's smaller platinum producers, managed to escape last year's violent labour unrest unscathed.

Follow Fin24 on Twitter, Facebook, Google+ and Pinterest.

northam platinum  |  mining  |  platinum



Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Company Snapshot

We're talking about:


Marketing is a big concern in SA's small business community, followed by a lack of confidence and partnering with the wrong people, according to a survey.

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

The 25 basis points interest rate increase is:

Previous results · Suggest a vote