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India

Northam Platinum Ltd (NHMJ.J)

NHMJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Northam Platinum Announces Acquisition Of 997.5 Mln Rand Of Zambezi Preference Shares
Friday, 1 Nov 2019 

Nov 1 (Reuters) - Northam Platinum Ltd ::JSE: NHM - NHM002 - ACQUISITION OF R997.5 MILLION OF ZAMBEZI PREFERENCE SHARES.NORTHAM PLATINUM LTD - REACHED AN AGREEMENT TO ACQUIRE ADDITIONAL ZAMBEZI PREFERENCE SHARES.NORTHAM PLATINUM - AFTER DEAL CO TO HOLD 36.7 MILLION 840 ZAMBEZI PREFERENCE SHARES, REPRESENTING ABOUT 22.94% OF ALL ZAMBEZI PREFERENCE SHARES IN ISSUE.NORTHAM PLATINUM LTD - DEAL AT A PRICE OF R75 PER ZAMBEZI PREFERENCE SHARE, FOR A TOTAL CASH CONSIDERATION OF R997.5 MILLION.NORTHAM PLATINUM LTD - ACQUISITION IS NOT SUBJECT TO ANY CONDITIONS PRECEDENT AND WILL BE FUNDED FROM NORTHAM'S CASH RESERVES.  Full Article

Northam Acquires The Maroelabult Assets For R20 Million
Tuesday, 29 Oct 2019 

Oct 29 (Reuters) - Northam Platinum Ltd ::JSE: NHM - NHM002 - NORTHAM ACQUIRES THE MAROELABULT ASSETS FOR R20 MILLION.NORTHAM PLATINUM - ELAND WILL ASSUME ENVIRONMENTAL REHABILITATION LIABILITIES ASSOCIATED WITH MAROELABULT ASSETS IN ACCORDANCE WITH TRANSACTION TERMS.NORTHAM PLATINUM LTD - ELAND WILL BE GRANTED ACCESS TO MAROELABULT ASSETS FROM 1 NOVEMBER 2019.NORTHAM PLATINUM - ELAND PLATINUM PROPRIETARY LIMITED ENTERED INTO AGREEMENT WITH BARPLATS MINES PROPRIETARY LIMITED TO PURCHASE MAROELABULT ASSETS.  Full Article

Northam Platinum Completes Private Placement Of R500 Mln Domestic Medium Term Notes
Monday, 9 Sep 2019 

Sept 9 (Reuters) - Northam Platinum Ltd ::COMPLETED PRIVATE PLACEMENT OF DOMESTIC MEDIUM TERM NOTES TO VALUE OF R500 MILLION UNDER R5 BILLION DOMESTIC MEDIUM TERM NOTE PROGRAMME.FOLLOWING PLACEMENT OF NEW NOTES, TOTAL NOTIONAL VALUE OF NOTES IN ISSUE UNDER PROGRAMME WILL AMOUNT TO R2,325 BILLION.  Full Article

Northam Platinum Posts FY Normalised Headline Earnings Of 270.1 Cents Per Share
Friday, 23 Aug 2019 

Aug 23 (Reuters) - Northam Platinum Ltd ::ABRIDGED AUDITED GROUP ANNUAL RESULTS FOR THE YEAR ENDED 30 JUNE 2019 AND NOTICE OF ANNUAL GENERAL MEETING.FY NORMALISED HEADLINE EARNINGS OF 270.1 CENTS PER SHARE, UP 226.6%.FY SALES REVENUE R10.6 BILLION VERSUS R7.6 BILLION.ACHIEVED A RECORD PRODUCTION FROM OWN OPERATIONS AMOUNTING TO 519 954 OZ 4E IN FY.FY HEADLINE EARNINGS PER SHARE 15.8 CENTS.FY EARNINGS PER SHARE 17.2 CENTS.FY NET DEBT OF R3 BILLION.RESOLVED NOT TO DECLARE A DIVIDEND FOR FINANCIAL YEAR ENDED 30 JUNE.FY PRODUCTION FROM OWN OPERATIONS AMOUNTING TO 519 954 OZ 4E VERSUS 483 941 OZ 4E LAST YEAR.  Full Article

Northam Refinances Its Five-Year R3.5 Bln RCF And Increases Its DMTN Programme Limit
Thursday, 22 Aug 2019 

Aug 22 (Reuters) - Northam Platinum Ltd ::JSE: NHM - NHM002 - NORTHAM REFINANCES ITS FIVE-YEAR R3.5 BILLION RCF AND INCREASES ITS R2 BILLION DMTN PROGRAMME LIMIT TO R5 BILLION.NORTHAM PLATINUM - INTEREST RATE ON NORTHAM'S R500 MILLION GENERAL BANKING FACILITY WILL REDUCE FROM PRIME LESS 1.5% TO PRIME LESS 1.75%.NORTHAM PLATINUM LTD - LOWER INTEREST RATE ON RCF AND GBF WILL REDUCE NORTHAM'S WEIGHTED AVERAGE COST OF DEBT..NORTHAM PLATINUM - CONCLUDED DEFINITIVE AGREEMENTS AS EXISTING 5 YEAR R3.5 BILLION REVOLVING CREDIT FACILITY WILL BE REFINANCED ON MORE FAVOURABLE TERMS.NORTHAM PLATINUM LTD - MATURITY DATE OF CREDIT FACILITY WILL BE EXTENDED FROM NOVEMBER 2021 TO AUGUST 2024.NORTHAM PLATINUM LTD - INCREASE WILL PROVIDE NORTHAM WITH INCREASED FUNDING FLEXIBILITY..NORTHAM PLATINUM - BOARD APPROVED INCREASE IN LIMIT STIPULATED IN CO'S DOMESTIC MEDIUM TERM NOTE PROGRAMME DATED 3 AUGUST 2012, FROM R2 BILLION TO R5 BILLION.  Full Article

Northam Platinum Sees FY HEPS Of 14.8 - 16.8 Cents
Monday, 12 Aug 2019 

Aug 12 (Reuters) - Northam Platinum Ltd ::JSE: NHM - NHM002 - TRADING STATEMENT.NORTHAM PLATINUM - EXPECTS TO ACHIEVE A RECORD OPERATING PROFIT FOR FINANCIAL YEAR ENDED 30 JUNE 2019.NORTHAM PLATINUM - EXPECTS NORMALISED HEADLINE EARNINGS TO BE IN EXCESS OF R1.3 BILLION FOR FY.NORTHAM PLATINUM LTD - FY SALES VOLUMES INCREASED BY 23.3% TO 583 069 4E OZ..NORTHAM PLATINUM - FY PRODUCTION FROM OWN OPERATIONS AMOUNTING TO 519 954 4E OZ, REPRESENTING A 7.4% INCREASE FROM F2018.NORTHAM PLATINUM - FY REVENUE 10.6 BILLION RAND VERSUS 7.6 BILLION RAND.NORTHAM PLATINUM - SEES FY HEPS OF 14.8 - 16.8 CENTS.  Full Article

Northam Approves Kukama Project At Eland Mine
Wednesday, 26 Jun 2019 

June 26 (Reuters) - Northam Platinum Ltd ::JSE: NHM - NHM002 - NORTHAM APPROVES KUKAMA PROJECT AT ELAND MINE.NORTHAM PLATINUM LTD - MINING OPERATIONS AT KUKAMA SHAFT SITUATED AT ITS ELAND MINE COMPLEX WILL RECOMMENCE IN NEW FINANCIAL YEAR.NORTHAM PLATINUM LTD - CONVERSION OF KUKAMA DECLINE SHAFT INTO A FOOTWALL ARRAY WILL START IN F2020, ALONG WITH LIMITED EARLY STOPING.NORTHAM - PRODUCTION AT KUKAMA FORECAST TO REACH 100 KOZ PA 4E BY 2025 AND STEADY STATE PRODUCTION OF 150 KOZ PA 4E IS FORECAST FROM 2029.NORTHAM - TOTAL DEVELOPMENTAL CAPITAL EXPENDITURE AT KUKAMA PROJECT ESTIMATED AT R2.2 BILLION OVER A FIVE YEAR PERIOD.  Full Article

Northam Platinum Secures R1 Billion Of Additional Funding Facilities
Friday, 31 May 2019 

May 31 (Reuters) - Northam Platinum Ltd ::NORTHAM SECURES R1 BILLION OF ADDITIONAL FUNDING FACILITIES.HAS INCREASED ITS EXISTING REVOLVING CREDIT FACILITIES BY R500 MILLION, FROM R3 BILLION TO R3.5 BILLION.MATURITY DATE OF NORTHAM'S EXISTING R1 BILLION RCF HAS BEEN EXTENDED TO MATCH THAT OF ITS EXISTING R2 BILLION RCF.FUNDING FLEXIBILITY TO ENABLE FURTHER RETURN VALUE TO SHAREHOLDERS THROUGH SHARE BUYBACK &/OR PURCHASE OF ZAMBEZI PREFERENCE SHARES.  Full Article

Northam Platinum Says HY Profit Before Tax 175.7 Mln Rand
Friday, 22 Feb 2019 

Feb 22 (Reuters) - Northam Platinum Ltd ::HY SALES REVENUE 4.98 BILLION RAND VERSUS 3.35 BILLION RAND.HY PROFIT BEFORE TAX 175.7 MILLION RAND VERSUS LOSS 151 MILLION RAND.HY NORMALISED EARNINGS PER SHARE OF 108.5 CENTS.HY NORMALISED HEADLINE EARNINGS INCREASED BY 192.6% TO R553.3 MILLION.GLOBAL ECONOMIC OUTLOOK REMAINS UNCERTAIN RESULTING IN VOLATILE METAL MARKETS AND EXCHANGE RATES.GROUP'S FINANCIAL PERFORMANCE WILL DEPEND ON ACHIEVING HIGHER METAL SALES PRICES AND A STABLE OPERATING PERFORMANCE.  Full Article

South Africa's NUM Signs 3-Year Wage Agreement With Northam Platinum
Monday, 1 Oct 2018 

Oct 2 (Reuters) - SOUTH AFRICA'S NUM::SOUTH AFRICA'S NUM SIGNED A THREE-YEAR WAGE AGREEMENT WITH NORTHAM PLATINUM.SA'S NUM- BASIC MONTHLY MINIMUM RATE OF THE EMPLOYEES IN BARGAINING UNIT TO INCREASE 7 PERCENT EVERY YEAR FOR 3 YEARS UNTIL 2020.  Full Article