Northam is an independent, fully empowered, mid-tier, integrated PGM producer with two primary operating assets, the Zondereinde and Booysendal mines in the South African Bushveld Complex. The Zondereinde lease area is also the location for Northam’s metallurgical operations, which include concentrators, a smelter and base metals recovery plant.
Chrome is produced at both Zondereinde and Booysendal from the UG2 reef.
Final precious metal concentrate is transported from the Zondereinde metallurgical complex for refining to the Heraeus facilities in Hanau, Germany and Port Elizabeth in South Africa.
Northam’s in-house marketing department is responsible for marketing and sales of products domestically and to major global markets in Asia, Europe and North America.
Assets and resources
The Zondereinde mine is an established, conventional, long-life operation which mines UG2 and Merensky ore and produces approximately 300 000oz of refined 4E PGMs annually. The mine is located on the northern end of the western limb of the Bushveld Complex near the town of Thabazimbi.
In December 2017, Northam acquired the ground adjacent to Zondereinde’s western boundary from Anglo American Platinum Limited. The Western extension acquisition provides access to additional Merensky and UG2 reef and extends the life of mine to beyond 30 years.
The shallower, mechanised, room and pillar Booysendal UG2 North mine is located near the town of Mashishing (formerly Lydenburg) on the eastern limb of the Bushveld Complex. It has a life of mine of some 25 years.
The 105.3Moz orebody at Booysendal lends itself to brownfields expansion opportunities, which are currently being established on the property. These include a deepening project at the existing UG2 North mine, the Booysendal Merensky North mine and the new Booysendal South mine.
In January 2018, Northam acquired Eland Platinum. Eland is located on the south-eastern limit of the western limb of the Bushveld Complex. The acquisition includes two mining rights with a resource estimated at 19.3Moz 4E and a fully-developed, world-class surface infrastructure.
- 50% interest in the Dwaalkop JV (Limpopo)
- 51% initial participatory interest in the Kokerboom JV exploration project (Northern Cape)
- 30% interest in SSG Holdings Proprietary Limited, a company providing security and facility services to the group
- PGM recycling assets in Pennsylvania, United States of America, currently on care and maintenance
At 30 June 2018, Northam held a combined resource base of 238.5 million ounces (Moz) 4E and 28.5Moz 4E in the reserve category.
The group milled a total of 4.60Mt (Zondereinde: 1.93Mt, Booysendal North: 2.67Mt) in F2018 to produce 483 941 of 4E metal, which has been processed to realise sales revenue of R7.6 billion (F2017: R6.9 billion) – an increase of 10.0% year on year.