Posts Tagged ‘northam’

The management of the Zondereinde division of Northam Platinum Limited advises that the annual wage negotiations with employee representative unions Solidarity and the National Union of Mineworkers (NUM) continued yesterday, 12 October and today, Full story

Mining Weekly reports 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 profile. Recent corporate developments have resulted in improved liquidity in the Northam stock, with the free float increasing to 64%. Full story

Black-owned Northam Platinum will be able to speed up development work at its Booysendal project to ensure it meets its January 2013 production target. Full story

Aquarius platinum splashes ZAR 1.9bn on acquisitions, the latest involving Northam Platinum's Boosendal operation Full story

South Africa's Northam Platinum (NHMJ.J:  Quote ) said on Wednesday it would sell part of the mineral rights for its Booysendal property to Aquarius Platinum (AQP.L:  Quote ) for 1.2 billion rand ($180.6 million). Northam said Aquarius would buy the mineral rights attached to the southern part of Booysendal, which is adjacent to Aquarius' own Everest mine. Full story

Northam Platinum Limited (Northam) announced today its firm intention to make an all share offer to acquire the entire issued ordinary share capital of its major shareholder Mvelaphanda Resources Limited (Mvela Resources) after the distribution by Mvela Resources of its 50.4% shareholding in Northam to its shareholders. This development follows the finalization of Mvela Resources' unbundling strategy. Full story

Mid-tier South African platinum miner, Northam, warns first half earnings will be more than halved compared with a year earlier due to industrial action and safety stoppages. Full story

Talks dragged on as workers, who have been on strike for five weeks, rejected Northam's latest pay offer of a 9.5 percent rise and a housing allowance of 1,750 rand a month Full story

A strike has begun at the South African mine which produces most of the country’s platinum. South Africa’s National Union of Mineworkers has said it called its members out of the Northam Platinum complex over pay. Northam management is offering an 8% Full story

Members of South Africa's National Union of Mineworkers have started a strike at the Zondereinde mine owned by Northam Platinum. Full story