| Wage settlement concluded at Northam’s Booysendal Mine | |
| | |
|
-
Published on 20 October 2015
Johannesburg, 20 October 2015: 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.'
Issued by Russell & Associates
Tel 011 880 3924
|
|
|
Northam Platinum Ltd
|
|
PRODUCER |
CODE : NOC.BE |
ISIN : ZAE000030912 |
|
| |
ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Northam Platinum is a platinum producing company based in South africa. Northam Platinum holds various exploration projects in South Africa. Its main asset in production is NORTHAM MINE in South Africa and its main asset in development is BOOYSENTHAL in South Africa. Northam Platinum is listed in Germany, in South Africa and in United States of America. Its market capitalisation is €UR 1.8 billions as of today (US$ 2.2 billions, € 1.8 billions). Its stock quote reached its lowest recent point on December 18, 2015 at €UR 1.16, and its highest recent level on September 08, 2021 at €UR 10.50. Northam Platinum has 174 810 000 shares outstanding. |