JSE-listed platinum miner, Northam Platinum, on Monday said the on-going strike action at its Zonderiende mine had resulted in production losses of around 1,000oz of PGMs a day, totalling revenue of R11.5 million ($987,390) a day.
In addition, the company said striking employees had forfeited wages and benefits in the order of R2.4 million ($206,064) a day since the National Union of Mineworker (NUM)-led strike started last week Tuesday. But the company on Monday said the strike situation at the company’s Zondereinde Mine remained unchanged.
Earlier last week, NUM workers embarked on what the company described as an unprotected wage strike. On Monday added that management continued to engage with the striking NUM in a bid to normalise operations as soon as possible.
Following employees’ failure to return to work, in contravention of the terms of a Labour Court interdict, management temporarily suspended operations at the mine amid rising tension among striking and non-striking employees.
Effectively, operations have been suspended since Friday, 16 January 2015 in the interests of securing the safety and security of employees and company property, the company said on Monday.
Essential services employees continued to report for duty as per existing agreements while smelter operations continue.