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Northam’s Zondereinde mine concludes five-year wage agreement

The agreement secures five years of stability at Zondereinde achieved through a respectful and constructive engagement process.

Northam achieves record operating profit for 2019 financial year

PGM miner Northam has achieved a record operating profit of R2.4 billion for the financial year ended 30 June 2019 – representing a 192.7% increase from the previous corresponding period which totalled R823 million.
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Wage settlement concluded at Northam’s Zondereinde mine

Northam advises that wage negotiations at its Zondereinde mine with the National Union of Mineworkers have been concluded. The three-year agreement provides for increases in basic wages for entry level underground employees of R1 000.00 in the...

Zondereinde and Booysendal deliver solid results for Northam

Both Zondereinde and Booysendal recorded healthy cash margins for Northam despite difficult market conditions and higher operating costs.

Northam ups credit facilities to R3Bn to continue funding growth initiatives

PGM miner Northam has secured a new R1 billion two-year unsecured revolving credit facility to see it through a capital intensive period which includes the delivery of a major new mine at Booysendal.

Northam Platinum gets credit rating upgrade

Platinum miner Northam Platinum announced last week that its short term credit rating has been upgraded from A2 to A1 by credit rating agency, Global Credit Rating (GCR). This credit upgrade reaffirms the company’s long...