Northam, NUM talks ‘inconclusive’

[miningmx.com] – NORTHAM Platinum said it was “encouraged” by the National Union of Mineworkers’ (NUM’s) positive reaction to talks, but a settlement proved elusive by end of last week. The platinum producer said wage talks remained ‘inconclusive’.

Northam said its offer of a 9% wage increase for core employees and a 8% increase for non-core employees had not be changed.

The NUM is demanding an increase for non-core employees of R2,000 on basic wages (equivalent to 22% – 42% at the lowest levels) and an increase for core employees of R2,100 on basic wages (equivalent to 23% – 43% at the lowest level).