Northam CEO says South African platinum miners facing worst crisis in decades
Northam Platinum’s CEO said on Friday that platinum mining companies in South Africa, the world’s top supplier of the metal, are facing “severe” market conditions and are caught up in the worst crisis in three decades as prices plummet.
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Impala wins RBPlat bid battle as Northam sells stake
Mining News Pro - Impala Platinum has won a protracted battle for control of miner Royal Bafokeng Platinum after bid rival Northam Platinum sold its stake.
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Northam’s swoop for RBPlat stake scuppers Implats approach
Mining News Pro - Northam Platinum Holdings Ltd. plans to spend about 17 billion rand ($1.13 billion) to become the top shareholder in Royal Bafokeng Platinum Ltd., dashing a planned takeover by rival Impala Platinum Holdings Ltd.
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Northam Platinum’s headline earnings soar 215%
Mining News Pro - The normalised headline earnings of platinum group metals (PGMs) mining company Northam Platinum soared by more than 215% to R10.9-billion in the 12 months to June 30.
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Northam’s Zondereinde mine concludes five-year wage agreement
Mining News Pro - Northam Platinum advises that wage negotiations at its Zondereinde mine, in Limpopo, with representative union the National Union of Mineworkers (NUM), have been concluded.
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Northam expects Zambezi shares to delist by end August
Mining News Pro - Platinum group metals miner Northam Platinum will on July 20 host a scheme meeting for its shareholders to vote on whether to approve the Zambezi scheme.
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Visit: 654
Northam preferential share buyout of Zambezi to be expedited
Mining News Pro - Platinum group metals miner Northam reports that, following the early maturity of its black economic empowerment (BEE) transaction with Zambezi Platinum, preferential shares in Zambezi will be delisted from the JSE and, as such, share terms will change.
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Northam increases shareholding in Zambezi Platinum to 80%
Mining News Pro - Platinum group metals miner Northam Platinum has acquired an additional 2.83-million preference shares in Zambezi Platinum.
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Visit: 743
Northam completes R1.33bn book building note placement
Mining News Pro - Northam has completed a private placement of domestic medium-term notes to the value of R1.33-billion in a bookbuild that was oversubscribed by 33%, under Northam’s R15-billion domestic medium-term note (DMTN) programme.
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Visit: 739
Northam buys back a further 37m Zambezi preference shares
Mining News Pro - Platinum group metals miner Northam has acquired an additional 37.17-million preference shares in Zambezi Platinum for about R3.5-billion, taking Northam’s preference share holding in Zambezi to about 70%.
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Visit: 614
GCR upgrades Northam`s credit rating
Mining News Pro - Credit rating agency Global Credit Rating (GCR) has upgraded platinum group metals mining company Northam Platinum’s national scale long-term credit rating to A(ZA), from a previous rating of A-(ZA) and its short-term credit rating to A1(ZA), from the previous rating of A2(ZA), with a stable outlook.
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Visit: 762
High-flying Northam shrugs off Covid to achieve record year
Mining News Pro - Platinum group metals (PGMs) mining company Northam Platinum has shrugged off the Covid-19 pandemic to report a record financial year in the 12 months to June 30.
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Northam acquires more Zambezi preference shares
Mining News Pro - Integrated platinum group metals producer Northam Platinum has acquired additional Zambezi Platinum preference shares for R804.6-million.
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Visit: 698
Northam expects record operating profit despite output losses
Mining News Pro - Northam Platinum expects to achieve a record operating profit for the financial year ended June 30.
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Northam completes first phase of raise-bore drilling for third Zondereinde shaft
Mining News Pro - Northam Platinum, together with Master Drilling, has successfully completed a record raise-bore pilot hole for the planned Number 3 Shaft at the Zondereinde mine.
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Northam increases Zambezi preference share holdings to 40.71%
Mining News Pro - Northam has acquired an additional 11.72-million Zambezi Platinum preference shares for R959.7-million.
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Visit: 877
Northam Platinum strengthens liquidity, attracts R411m new funding
Mining News Pro - Platinum group metals mining company Northam Platinum has strengthened its liquidity position in response to Covid-19 by attracting R411-million of additional new long-term funding during the lockdown period as part of the completion of its R2.65-billion restructuring of its domestic medium-term note programme.
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Visit: 955
Loan note changes add R811m to Northam’s liquidity for this uncertain year
Mining News Pro - Northam Platinum has managed to extend the maturity dates of certain notes held in terms of the company’s R10-billion Domestic Medium Term Note (DMTN) Programme with an aggregate amount of around R1.8-billion.
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Visit: 789