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Northam Platinum Ltd (NHMJ.J)

NHMJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Northam Platinum Secures 2 Bln Rand Of Additional Funding Capacity For Growth Initiatives
Wednesday, 23 May 2018 

May 23 (Reuters) - Northam Platinum Ltd ::NORTHAM SECURES R2 BN OF ADDITIONAL FUNDING CAPACITY FOR GROWTH INITIATIVES AND SECOND FURNACE AT ZONDEREINDE UPDATE.SECURED A NEW R1 BILLION TWO-YEAR UNSECURED REVOLVING CREDIT FACILITY, WHICH MATURES IN APRIL 2020.THIS FACILITY IS IN ADDITION TO NORTHAM'S EXISTING R2 BILLION UNSECURED REVOLVING CREDIT FACILITY (R2BN RCF), WHICH MATURES IN NOV 202.ISSUE OF R450 MILLION TRANCHE AND A R550 MILLION TRANCHE OF ONE-YEAR SENIOR UNSECURED FIXED RATE NOTES (NOTES) ON 19 APRIL 2018 AND 17 MAY 2018.PORTION OF PROCEEDS FROM NOTES HAS BEEN USED TO REPAY PREVIOUS DRAWDOWNS UNDER R2BN RCF AND NEW R1BN RCF REMAINS UNDRAWN.RAMP-UP OF NEWLY COMMISSIONED SECOND FURNACE AT ZONDEREINDE IS PROGRESSING AS PLANNED WITH CONCENTRATE FEED CURRENTLY AVERAGING ABOUT 400 TONNES PER DAY AT 13.5 MW.  Full Article

Jubilee Metals Says Reaches Processing Agreement With Eland Platinum
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Jubilee Metals Group Plc ::JUBILEE METALS GROUP - AGREEMENT EXECUTED WITH NORTHAM TO UTILISE ITS EXISTING PLATINUM RECOVERY PLANT FOR PROCESSING OF JUBILEE'S PLATCRO MATERIAL.NORTHAM TO FUND REFURBISHMENT OF PLATINUM RECOVERY CIRCUIT.JUBILEE WILL COMMENCE TRANSPORTING OF PLATINUM RICH MATERIAL TO NORTHAM FROM JUNE 2018.  Full Article

Northam Platinum Says ‍Murray & Roberts Cementation Work Stoppage At Northam's Booysendal North Mine​
Tuesday, 27 Mar 2018 

March 27 (Reuters) - Northam Platinum Ltd ::‍MURRAY & ROBERTS CEMENTATION LIMITED (MRC) WORK STOPPAGE AT NORTHAM'S BOOYSENDAL NORTH MINE (BOOYSENDAL)​.CONFIRMS ABOUT 750 EMPLOYEES AT BOOYSENDAL MINE EMBARKED ON UNPROTECTED WORK STOPPAGE WITH EFFECT FROM MARCH 26 ​.‍MRC EMPLOYEES APPROACHED BY NORTHAM TO BECOME FULL-TIME EMPLOYEES IN A MOVE FOR BOOYSENDAL TO BECOME AN OWNER-OPERATING MINE​.‍AFFECTED EMPLOYEES ARE DEMANDING END-OF- CONTRACT TERMINATION PACKAGES FROM MRC​.‍MRC HAS APPLIED FOR AN URGENT INTERDICT TO EFFECT A RETURN TO WORK​.  Full Article

Northam Platinum says ‍FY headline loss per share estimated to be 167.3 -196.3 cents
Tuesday, 15 Aug 2017 

Aug 15 (Reuters) - Northam Platinum Ltd :‍FY HEADLINE LOSS PER SHARE IS ESTIMATED TO BE 167.3 -196.3 CENTS PER SHARE VERSUS HEADLINE LOSS PER SHARE OF 140.9 CENTS LAST YEAR.BOTH OF GROUP'S OPERATING MINES, ZONDEREINDE AND BOOYSENDAL, ARE EXPECTED TO RECORD AN OPERATING PROFIT.  Full Article

Northam Platinum posts FY headline loss per share of 140.9 cents
Friday, 26 Aug 2016 

Northam Platinum Ltd : Reviewed preliminary results for the year ended June 30 2016 . FY sales revenue 6.097 bln rand versus 6.035 bln rand . FY loss for year 508.263 mln rand versus 1.033 bln rand .FY headline loss per share 140.9 cents versus 202.9 cents.  Full Article

Northam Platinum sees FY headline loss of 152.2-131.9 cents/shr
Wednesday, 17 Aug 2016 

Northam Platinum Ltd : FY headline loss per share estimated between 152.20 cents per share and 131.90 cents per share versus headline loss per share of 202.90 cents . The change would reflect an increase in headline earnings per share of between 25-35 pct . Total operating profit was between 30-40 pct lower than previous comparable year owing to a lower average basket price achieved .Says group's PGM production substantially higher yoy with both Zondereinde mine and Booysendal mine recording operating profits.  Full Article

PLATINUM WEEK-Mind the gap: Can subway and landmine technologies save S.Africa platinum?

BURGERSFORT, South Africa, May 16 Technologies used to carve subways and clear landmines are being retooled to mechanise South Africa's platinum mines, where an unforgiving geology has stymied such efforts at a huge cost.