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Northam Platinum Loses R46.2M Revenue in Zondereinde Strike
Apr. 06, 2013 01:43AM PST
Precious Metals InvestingMining Weekly reported that Northam Platinum said it has lost R46.2 million in revenue due to rock drill operators refusing to go underground at its Zondereinde mine since April 2.
Mining Weekly reported that Northam Platinum said it has lost R46.2 million in revenue due to rock drill operators refusing to go underground at its Zondereinde mine since April 2.
As quoted in the market news:
The company reported that operations at the mine had been halted, with the rock drill operators downing tools and demanding a 38% increase in their bonuses. The work stoppage was estimated to have resulted in lost production of about 120 kg of metal in concentrate.