Key Developments: Northam Platinum Ltd (NHMJ.J)

NHMJ.J on Johannesburg Stock Exchange

4,156.00ZAc
17 Apr 2014
Price Change (% chg)

139.00c (+3.46%)
Prev Close
4,017.00c
Open
4,075.00c
Day's High
4,162.00c
Day's Low
4,040.00c
Volume
347,530
Avg. Vol
687,928
52-wk High
4,899.00c
52-wk Low
3,000.12c

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Latest Key Developments (Source: Significant Developments)

Northam Platinum Ltd does not declare dividend
Friday, 21 Feb 2014 08:45am EST 

Northam Platinum Ltd:Says that the board has resolved not to declare an interim dividend for F2014 (F2013: nil cents per share).  Full Article

Northam Platinum Ltd announces appointment of CEO
Wednesday, 19 Feb 2014 03:30am EST 

Northam Platinum Ltd:Says the appointment of Paul Dunne as successor to Glyn Lewis, current chief executive officer (CEO) of Northam.Says Lewis will remain an employee of Northam until his current employment contract expires on June 30.  Full Article

Northam Platinum Ltd announces settlement reached at Northam Zondereinde mine
Tuesday, 21 Jan 2014 09:40am EST 

Northam Platinum Ltd:Says the strike at the company's Zondereinde mine has ended.Says employees are expected to return to work on Jan. 22, 2014.Says this follows the signing of a two-year wage agreement on Jan. 22, 2014.Says two-year wage agreement is based on increases on basic wages of 8.5 pct to 9.5 pct for Category 2 to 8 employees, and a 9 pct increase in the living out allowance; Category 9 to 10 employees' increases range from 7.5 pct to 8 pct, with a living out allowance increase of 7%.  Full Article

Northam Platinum Ltd announces hopeful of settlement at Zondereinde mine
Friday, 17 Jan 2014 09:18am EST 

Northam Platinum Ltd:Says it has been advised by the National Union of Mineworkers (NUM) that it has accepted the company's final offer in terms of the negotiations around annual wage increases and conditions of employment.Says its management has since received a further request from the NUM for a meeting with management on Jan. 20 2014.  Full Article

S.Africa Union Says To Strike At Northam Platinum Ltd From November 03, 2013-Reuters
Friday, 1 Nov 2013 04:56am EDT 

Reuters reported that over 7,000 members of South Africa's National Union of Mineworkers (NUM) will down tools at Northam Platinum Ltd on November 03, 2013 night in a strike over wages, the union said on November 01, 2013. NUM gave the Company a 48-hour notice on October 31, 2013 of its intention to strike - a legal requirement - but said it was willing to continue talks. NUM is demanding the Company raise wages by between 22% and 43%, depending on the level of employees, and increase housing allowances by 69%. The dispute involves the workforce at Northam's Zondereinde operation, which accounts for the vast majority of its annual production of 300,000 ounces a year. Northam said it has improved its offer to include increases of 7 and 8% in the first year, above the current inflation rate of 6%.  Full Article

Northam Platinum Ltd Does Not Declare Final Dividend
Thursday, 15 Aug 2013 01:55am EDT 

Northam Platinum Ltd announced that the Board has not declared a final dividend for FY 2013 (FY 2012: nil cents per share).  Full Article

Northam Platinum Ltd's Unprotected Work Stoppage At Zondereinde Mine Continues
Wednesday, 17 Apr 2013 03:49am EDT 

Northam Platinum Ltd announced that the unprotected work stoppage at the Zondereinde mine continues. An independent review of the application of the productivity bonus scheme at the Zondereinde mine has been completed. Talks with union representatives will continue on April 17, 2013, with the intention of bringing the matter to a close.  Full Article

Northam Platinum Ltd Updates On Interruption In Production At Northam's Zondereinde Mine
Monday, 15 Apr 2013 08:21am EDT 

Northam Platinum Ltd announced that the unprotected work stoppage at the Company’s Zondereinde mine continued on April 15, 2013. In an effort to resolve the impasse with striking rock drill operators, management has continued to engage with representatives of the National Union of Mineworkers (NUM) at national and regional level. The parties and the union have agreed on a review of the application of the mine’s productivity bonus system. In terms of a Labour Court interdict the current work stoppage at Zondereinde is unprotected. Employees are urged to return to work, and to engage through the established and agreed dispute resolution procedures. Employees have been reminded that failure to heed the terms of the interdict could lead to dismissals.  Full Article

Northam Platinum Ltd Updates On Interruption In Production At Northam’s Zondereinde Mine
Thursday, 11 Apr 2013 05:10am EDT 

Northam Platinum Ltd announced that it has obtained an interdict from the labour court which rules that the current work stoppage at Zondereinde is unprotected, and directs affected employees to resume their normal duties. Employees were served with the court order on April 10, 2013. By this morning, April 11, 2013 employees had still not resumed their normal operations. Management is trying to secure a meeting with the senior structures of the NUM, and welcomes any further talks at an operational level. The dismissal of employees is the last resort and follows management’s various appeals to the disaffected employees to resume their normal duties and to use the dispute resolution procedures which are available to them.  Full Article

Northam Platinum Ltd Announces Interim Dividend
Friday, 22 Feb 2013 01:00am EST 

Northam Platinum Ltd announced that the Board has passed the interim dividend (H1 F2012: 5 cents per share).  Full Article

CORRECTED (OFFICIAL)-South African platinum miners stage sit-in at Amplats Dishaba mine

(Corrects owner of mine to Amplats following statement from that company after police earlier named Northam as owner)

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