Edition:
India

Northam Platinum Ltd (NHMJ.J)

NHMJ.J on Johannesburg Stock Exchange

11,456.00ZAc
6 Dec 2019
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141.00 (+1.25%)
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Latest Key Developments (Source: Significant Developments)

Northam Platinum Buys R1 Bln Of Zambezi Preference Shares
Friday, 30 Aug 2019 

Aug 30 (Reuters) - Northam Platinum Ltd ::ACQUISITION OF R1 BILLION OF ZAMBEZI PREFERENCE SHARES.PROPOSED DEAL FOR CONSIDERATION OF APPROXIMATELY R1.007 BILLION.WILL BUY 13.7 MILLION ZAMBEZI PREFERENCE SHARES FROM PIC AT A PRICE OF R73.50 PER ZAMBEZI PREFERENCE SHARE.  Full Article

Northam Platinum Secures Additional Funding With New R1.65 Bln Domestic Medium Term Notes Placement
Tuesday, 16 Apr 2019 

April 16 (Reuters) - Northam Platinum Ltd ::NORTHAM SECURES ADDITIONAL FUNDING WITH NEW R1.65 BILLION DOMESTIC MEDIUM TERM NOTES PLACEMENT.COMPLETED PRIVATE PLACEMENT OF DOMESTIC MEDIUM TERM NOTES TO VALUE OF R1.65 BILLION UNDER CO'S R2 BILLION DOMESTIC MEDIUM TERM NOTE PROGRAMME.NEW NOTES WILL MATURE OVER A ONE YEAR (R250 MILLION), TWO YEAR (R250 MILLION) AND THREE YEAR (R1.15 BILLION) TERM FROM DATE OF ISSUE.ONE YEAR, TWO YEAR AND THREE YEAR NEW NOTES WILL ATTRACT A FLOATING RATE COUPON OF 2.40%, 3.25% AND 3.75% ABOVE A 3 MONTH ZAR-JIBAR PER ANNUM.UPON COMPLETION OF ISSUING OF NEW NOTES AND SETTLEMENT OF MATURING NOTES, TOTAL VALUE OF NOTES IN ISSUE WILL INCREASE BY R400 MILLION.AGGREGATE AMOUNT OF R550 MILLION OF NEW NOTES WILL BE ISSUED TODAY ON INTEREST RATE MARKET OF JSE.REMAINING TRANCHES OF NEW NOTES, WITH TOTAL VALUE OF R1.1 BILLION, WILL BE ISSUED DURING MONTHS OF APRIL, MAY AND JUNE 2019.  Full Article

Northam Platinum Sees HY Headline Loss Per Share Between 18.6 Cents And 19.4 Cents Per Share
Thursday, 7 Feb 2019 

Feb 7 (Reuters) - Northam Platinum Ltd ::EXPECTS HY NORMALISED HEADLINE EARNINGS TO BE IN EXCESS OF R550.0 MILLION (H1 F2018: R189.1 MILLION).HY HEADLINE LOSS PER SHARE IS EXPECTED TO BE BETWEEN 18.6 CENTS AND 19.4 CENTS PER SHARE.EXPECTED IMPROVEMENT IN HY EARNINGS IS PRIMARILY DRIVEN BY A 40.5% INCREASE IN 4E METAL SALES VOLUMES.  Full Article

Northam Platinum Posts FY Headline Loss Per Share 200.5 Cents
Friday, 7 Sep 2018 

Sept 7 (Reuters) - Northam Platinum Ltd ::FY SALES REVENUE 7.55 BILLION RAND VERSUS 6.87 BILLION RAND.FY NORMALISED HEADLINE EARNINGS 5.8 PCT HIGHER AT R421.5 MILLION.FY HEADLINE LOSS PER SHARE 200.5 CENTS.FY EQUIVALENT REFINED METAL PRODUCTION FROM ITS OWN OPERATIONS ROSE 4.5 PCT TO 571 843OZ 6E.FY GROUP CASH COST PER EQUIVALENT REFINED PT OZ ROSE 7.8 PCT TO R21 270/OZ.  Full Article

Northam Platinum Secures 2 Bln Rand Of Additional Funding Capacity For Growth Initiatives
Wednesday, 23 May 2018 

May 23 (Reuters) - Northam Platinum Ltd ::NORTHAM SECURES R2 BN OF ADDITIONAL FUNDING CAPACITY FOR GROWTH INITIATIVES AND SECOND FURNACE AT ZONDEREINDE UPDATE.SECURED A NEW R1 BILLION TWO-YEAR UNSECURED REVOLVING CREDIT FACILITY, WHICH MATURES IN APRIL 2020.THIS FACILITY IS IN ADDITION TO NORTHAM'S EXISTING R2 BILLION UNSECURED REVOLVING CREDIT FACILITY (R2BN RCF), WHICH MATURES IN NOV 202.ISSUE OF R450 MILLION TRANCHE AND A R550 MILLION TRANCHE OF ONE-YEAR SENIOR UNSECURED FIXED RATE NOTES (NOTES) ON 19 APRIL 2018 AND 17 MAY 2018.PORTION OF PROCEEDS FROM NOTES HAS BEEN USED TO REPAY PREVIOUS DRAWDOWNS UNDER R2BN RCF AND NEW R1BN RCF REMAINS UNDRAWN.RAMP-UP OF NEWLY COMMISSIONED SECOND FURNACE AT ZONDEREINDE IS PROGRESSING AS PLANNED WITH CONCENTRATE FEED CURRENTLY AVERAGING ABOUT 400 TONNES PER DAY AT 13.5 MW.  Full Article

Jubilee Metals Says Reaches Processing Agreement With Eland Platinum
Wednesday, 18 Apr 2018 

April 18 (Reuters) - Jubilee Metals Group Plc ::JUBILEE METALS GROUP - AGREEMENT EXECUTED WITH NORTHAM TO UTILISE ITS EXISTING PLATINUM RECOVERY PLANT FOR PROCESSING OF JUBILEE'S PLATCRO MATERIAL.NORTHAM TO FUND REFURBISHMENT OF PLATINUM RECOVERY CIRCUIT.JUBILEE WILL COMMENCE TRANSPORTING OF PLATINUM RICH MATERIAL TO NORTHAM FROM JUNE 2018.  Full Article

Northam Platinum Says ‍Murray & Roberts Cementation Work Stoppage At Northam's Booysendal North Mine​
Tuesday, 27 Mar 2018 

March 27 (Reuters) - Northam Platinum Ltd ::‍MURRAY & ROBERTS CEMENTATION LIMITED (MRC) WORK STOPPAGE AT NORTHAM'S BOOYSENDAL NORTH MINE (BOOYSENDAL)​.CONFIRMS ABOUT 750 EMPLOYEES AT BOOYSENDAL MINE EMBARKED ON UNPROTECTED WORK STOPPAGE WITH EFFECT FROM MARCH 26 ​.‍MRC EMPLOYEES APPROACHED BY NORTHAM TO BECOME FULL-TIME EMPLOYEES IN A MOVE FOR BOOYSENDAL TO BECOME AN OWNER-OPERATING MINE​.‍AFFECTED EMPLOYEES ARE DEMANDING END-OF- CONTRACT TERMINATION PACKAGES FROM MRC​.‍MRC HAS APPLIED FOR AN URGENT INTERDICT TO EFFECT A RETURN TO WORK​.  Full Article