As the strike at Northam Platinum continues into 2014, the company has lost R500 million in revenue, and employees losses in wages have now reached the R100 million level.

Northam is seeking to secure a further meeting with the leadership of the NUM under the auspices of the CCMA in an attempt to resolve the strike action at the company’s Zondereinde platinum mine in Limpopo Province.

The NUM’s latest demands, tabled at a CCMA meeting on 07 December 2013, and which amount to an average increase of 16% in wages, and a 69% increase in the living out allowance, remain unaffordable for Northam and out of kilter with the settlements reached in the gold sector and at a number of other platinum producers, the company said in a statement.

The strike began on 3 November 2013 and has reached its ninth week without resolution.