Northam loses R46m due to underground sit-in
Northam Platinum lost 3,900 ounces of metal in concentrate at the mine after a sit-in.
JOHANNESBURG - South African junior platinum miner Northam Platinum said on Friday it had lost R46.2 million of production because of an underground sit-in since Tuesday at its Zondereinde mine.
The company said it had lost 3,900 ounces of metal in concentrate at the mine.
"Zondereinde's management team has constituted a consultative forum and is engaging with employee representatives in an attempt to resume operations as soon as possible," it said in a statement.