NHM - Northam Platinum Limited - Strike action at Zondereinde Mine

NHM
NHM                                                                             
NHM - Northam Platinum Limited - Strike action at Zondereinde Mine              
NORTHAM PLATINUM LIMITED                                                        
(Registration number 1977/003282/06                                             
(Incorporated in the Republic of South Africa)                                  
JSE Code: NHM ISIN: ZAE000030912                                                
("Northam")                                                                     
STRIKE ACTION AT ZONDEREINDE MINE                                               
The management of Northam advises that the majority of employees (80%) at its   
Zondereinde mine near Thabazimbi in the Limpopo province, embarked on strike    
action with effect from the night shift yesterday, Sunday 05 September 2010.    
The local branch committee of the National Union of Mineworkers (NUM) served the
company with notice to 
strike on Thursday 2 September 2010 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 (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 6800 permanent employees.                              
Johannesburg                                                                    
6 September 2010                                                                
Sponsor:                                                                        
Barnard Jacobs Mellet Corporate Finance (Pty) Limited                           
Date: 06/09/2010 14:38:01 Produced by the JSE SENS Department.                  
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