South Africa's Northam says lost 15 mln rand a day in work stoppage - CNBC Africa

South Africa's Northam says lost 15 mln rand a day in work stoppage

Southern Africa

by Reuters 0

South Africa's Northam says lost 15 mln rand a day in work stoppage

South Africa's Northam Platinum lost 15 million rand ($983,026) a day in revenue during a week-long work stoppage at Zondereinde mine, a company spokeswoman said on Wednesday.

Memory Johnstone said about 7,000 ounces were lost in production at the mine which produces about 300,000 ounces a year and accounts for 70 percent of the mid-tier producer's revenue.

($1 = 15.2590 rand)

 

(Reporting by Zandi Shabalala; editing by Adrian Croft)

 

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