Company Announcement: Improved production at Zondereinde

Northam’s improved results for the half-year emerged largely on the back of Zondereinde’s performance. Metals in concentrate produced at the company’s western limb operation were 27% higher at 4 592kg (147 636oz). The higher rand basket...

NUM declares dispute with Northam Platinum

he National Union of Mineworkers (NUM) on Tuesday declared a dispute with miner Northam Platinum, saying the JSE-listed company was reluctant to bargain. “The union has approached the company a number of times for bargaining purposes, but has...

NUM begins wage talks with Northam Platinum

The National Union of Mineworkers (NUM) is demanding a R1 000 across-the-board wage increase from platinum miner Northam and higher living out allowances, the union said on Tuesday. The NUM claims to represent about 7 000 of the company’s 8 000...

Northam Platinum to list in New York

Mid-tier South African platinum miner Northam is to list in New York. Northam CEO Glyn Lewis says that the JSE-listed platinum-group-metals (PGM) producer is taking the step to provide its “growing” US shareholder base with a more visible...

Aquarius to pay Northam R1,2bn for Booysendal South mineral rights

Platinum miner Aquarius has agreed to pay Northam Platinum R1,2-billion to acquire mineral rights on farms adjacent to the Everest mine, on the eastern limb of the Bushveld complex, potentially adding 22 years to the mine’s life. Aquarius,...

Northam to report lower H1 earnings

South African platinum-miner Northam Platinum expects earnings for the six months ended December 31 will be significantly lower than a year earlier, after revenue was hurt by a strike and other output disruptions. The company estimates earnings...

Mvela proceeds with unbundling as it wins Khumama arbitration

JSE-listed Mvela Resources’ share price rose more than 7% on Friday, after it announced that the arbitration to resolve a long-standing contractual dispute with its former shareholder, Khumama Platinum, went its way. Commercial manager James...

NUM members reject Northam's improved wage offer

Members of the National Union of Mineworkers (NUM) at the Zondereinde mine, where a strike over wages is in its fifth week, have rejected a revised offer from Northam Platinum. JSE-listed Northam said on Wednesday that NUM workers had turned down...

Northam wage strike drags on after CCMA talks end in deadlock

The two-and-a-half week strike by unionised workers at Northam Platinum’s Zondereinde mine, in Limpopo province, continued on Wednesday, as the latest round of wage negotiations failed. The majority of the mine’s 6 800 employees downed tools...

Exxaro raises pay offer, Northam strike may be long

South African diversified miner Exxaro raised its wage offer to striking workers at its mineral sands unit on Wednesday, while a union said another strike at Northam Platinum might be long. Exxaro, facing a wage strike since August 23, said it...

Northam boosts FY sales, sees further cost increases for 2011

JSE-listed platinum-miner Northam said on Friday that despite a year of "mixed fortunes", sales revenues were up 23,8% to R3,9-billion for the year ended June 30, 2010, underpinned by a creditable operating performance from its Zondereinde mine...

Jubilee studies ConRoast furnace for Northam's Booysendal

Aim- and JSE-listed Jubilee Platinum has signed a memorandum of understanding (MoU) with fellow JSE-listed platinum-miner Northam to study the potential of constructing a new direct current arc furnace to treat a portion of platinum-group metal...