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