Northam losing R9m a day in Zondereinde wage strike
By: Mariaan Webb
Published: 6th September 2010
JOHANNESBURG (miningweekly.com) – The strike at Northam Platinum’s Zondereinde mine, in Limpopo, is costing R9-million a day in lost revenue, the JSE-listed company said on Monday.
The Zondereinde mine produces about 1 000 oz/d of platinum, palladium, rhodium and gold.
The company said that the majority of the mine’s 6 800 employees downed tools on Sunday night, demanding higher wage increases.
The National Union of Mineworkers (NUM) has rejected the company’s wage offer of 8% and a similar increase in the living-out allowance to R1 728 a month.
The NUM is demanding a 15% wage rise. South Africa’s inflation rate is at a four-year low of 3,7%.
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JOHANNESBURG (miningweekly.com) – The strike at Northam Platinum’s Zondereinde mine, in Limpopo, is costing R9-million a day in lost revenue, the JSE-listed company said on Monday.