R/€ = 16.29 Change: -0.03
R/$ = 14.54 Change: -0.02
Au 1343.00 $/oz Change: -1.16
Pt 800.85 $/oz Change: 3.59


Northam secures a further R1bn in funding  

By: Tasneem Bulbulia     31st May 2019 JSE-listed Northam Platinum has increased its existing revolving credit facilities (RCF) by R500-million, from R3-billion to R3.5-billion; and has also secured a new R500-million general banking facility (GBF). The maturity date of Northam’s existing R1-billion RCF has been extended to match that 

Northam Platinum plans to buy back preference shares 

By: Reuters     15th May 2019 Northam Platinum plans to buy back about 15-million preference shares out of 159-million currently in issue in the financial year ending June 2020, its chief executive said on Wednesday. The miner, one of the top platinum producers globally, wants to reward shareholders following a boost to... 

Jewellery gives platinum biggest bang for marketing buck by far  

By: Martin Creamer     25th April 2019 Marketing investment in the jewellery sector provides platinum with its biggest, best and quickest return by a long shot, with platinum jewellery accounting for 30% of overall platinum demand and at least half of that demand coming from China. Marketing spend on physical platinum investment... 

Northam secures R1.65bn in funding through domestic medium-term notes placement

By: Creamer Media Reporter      16th April 2019 Platinum miner Northam Platinum has completed a private placement of domestic medium-term notes to the value of R1.65-billion under its R2-billion Domestic Medium-Term Note Programme. The new notes will mature over a one-year (R250-million), two-year (R250-million) and three-year (R1.15-billion)... 

South African platinum industry needs continuing collaboration – panel  

By: Simone Liedtke     9th April 2019 Despite cautious optimism among industry stakeholders about the platinum group metals (PGMs) industry’s forward momentum, Northam Platinum CEO Paul Dunne on Tuesday warned delegates at the PGMs Industry Day, in Johannesburg, that the industry was “not out of the woods yet”. Dunne lamented that... 

Northam trying out tunnelling first at rhodium-rich Eland mine development 

By: Martin Creamer     2nd April 2019 Platinum group metals mining company Northam is preparing to deploy innovative tunnel boring technology at its Eland mine as part of a R93-million shared risk-and-reward contract with Master Drilling. Eland, on the southeastern limit of the western limb of the Bushveld Complex, has a 19.3-million... 

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