Mining

30 July 2010 13:52

Northam Platinum resumes mine ops at Zondereinde

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JOHANNESBURG (Reuters) - South Africa's Northam Platinum (JSE:NHM) said on Friday that it had resumed operations at its Zondereinde mine, after shutting down a shaft last week due an accident that killed two workers.

The platinum miner said it lost 7,000 ounces of production during the shut down that began on on Tuesday, July 20.

About 5,000 employees at Zondereinde mine stopped work for the day on Thursday to protest safety measures following the accident, which was triggered by a "fall of ground".

"The management of Northam advises that underground operations resumed last night, Thursday 29 July 2010," the company said in a statement.

Northam produces 300,000 ounces of platinum group metals a year, a sliver of the 2.5 million ounces from rival Anglo Platinum (JSE:AMS), the world's largest producer.

Shares of Northam Platinum edged lower in Johannesburg trade, giving up 0.04 percent to 44.67 rand as of 0917 GMT, compared with a weaker 1.22 percent All-Share index.

 




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