Northam Offers Workers 4.6% Pay Raise
Reuters Africa reports that Northam Platinum (JNB:NHM) offers workers a 4.6% pay raise to open negotiations with South Africa's trade union.
Articles Tagged "northam"
NUM begins wage talks with Northam Platinum
Mining Weekly reports that the National Union of Mineworkers is demanding an across-the-board wage increase from Northam (JNB:NHM).
Northam Platinum May Need a Smaller Bond, Credit Facility for Booysendal
Bloomberg reported that Northam Platinum (PINK:NMPNF) may have a smaller funding requirement for the Booysendal project than previously expected.
Platinum’s future eludes analysts
Platinum showed extreme volatility in 2008, rising to an all-time high of $2,290 an ounce in March on the back of a power shortage in major producer South Africa, before falling to a five-year low of $732.50 in October.
Northam says production up 14 % in 4 mts of 2009
South Africa’s Northam Platinum posted a 14 percent rise in output in the first four months of the 2009 financial year despite a heavy drop in global commodity prices. For full story, click here
After brief retreat, platinum falls again
Platinum started the week off on a good note, prices rose more than 3 percent as the greenback weakened and a renewed optimism on platinum’s future market returned to analysts.
Northam to boost platinum production
Northam Platinum has bought the Booysendal platinum project in a move that will boost production of platinum group metals to more than 700,000 oz a year by 2015. Derek Wolstenholme, Corporate Finance Manager at Northam Platinum, told Reuters: Production would be “slightly more” than double what it is now. For more information, click here For company’s website, click [...]
