NUM Workers Turn Down Northam Platinum’s Wage Offer

Reuters reported that according to South Africa’s National Union of Mineworkers (NUM), Northam Platinum Ltd.’s (OTCMKTS:NMPNY) most recent pay offer has been turned down by striking workers.

As quoted in the market news:

NUM said in a statement it had made an undisclosed counter proposal in a bid to end a stoppage that began in early November. The union said Northam’s latest offer was for increases of between 9 and 9.5 percent while its latest published demands were for pay hikes of up to almost 40 percent.

Click here to read the full Reuters report.