Northam Platinum Falls Most in 7 Months on Strike Ultimatum

Bloomberg reported that Northam Platinum Ltd shares dropped 6.7%, the most in nearly 7 months, after giving its rock drillers until tomorrow to report for duty or face dismissal.

As quoted in the company news:

The shares dropped as much as 6.7 percent, the biggest intraday decline since Sept. 21, and traded down 5.8 percent at 32.30 rand as of 4:36 p.m. local time.

Click here to read the full Bloomberg report.