Johannesburg, South Africa — MININGREVIEW.COM — 06 September 2010 – The management of Northam Platinum Limited (Northam) “’ the only fully independent, black-owned and controlled PGM producer in South Africa “’ says 80% of the employees at its Zondereinde mine near Thabazimbi in the Limpopo province, have embarked on strike action.
The local branch committee of South Africa’s biggest mining trade union “’ the National Union of Mineworkers (NUM) “’ served the company with notice to strike last Thursday, following the NUM’s rejection of the company’s increased wage offer of 8%, and a similar increase in the living out allowance to R1 728 per month.
Zondereinde produces approximately 1 000 ounces of platinum, palladium, rhodium and gold per day. At current rand basket price levels, revenue losses are estimated to be R9 million per day. Zondereinde employs some 6 800 permanent employees.