Announcements 2007

Cautionary announcement

Shareholders are advised that negotiations are in progress which, if successfully concluded, may have an effect on the price at which Northam’s shares trade.


Shareholders are advised that negotiations are in progress which, if successfully concluded, may have an effect on the price at which Northam’s shares trade. Northam shareholders are therefore advised to exercise caution when dealing in the company’s shares until such time as a detailed announcement is published.

Johannesburg
1 August 2007

Sponsor
Barnard Jacobs Mellet Corporate Finance (Pty) Limited

Trading update

Shareholders are advised that the company’s earnings per share and headline earnings per share for the year ended 30 June 2007 are expected to be between 540 and 580 cents.


Shareholders are advised that the company’s earnings per share and headline earnings per share for the year ended 30 June 2007 are expected to be between 540 and 580 cents. This compares with the 300.9 cents per share reported for the previous comparable period ended 30 June 2006.

The expected increase in earnings results from a substantial rise in the average Rand receipts for the company’s basket of metals relative to the previous comparable period.

The forecast earnings have not been reviewed by the company’s auditors.

It is anticipated that the preliminary results for the year ended 30 June 2007 will be released on or about 3 August 2007.

Johannesburg
23 July 2007

Sponsor
Barnard Jacobs Mellet Corporate Finance (Pty) Limited

Strike called off at Northam: work to resume Tuesday night

The management of Northam Platinum is pleased to advise that, following an agreement with the National Union of Mineworkers last night, Monday 7 May 2007, the strike at the mine has been called off.


The management of Northam Platinum is pleased to advise that, following an agreement with the National Union of Mineworkers last night, Monday 7 May 2007, the strike at the mine has been called off. Employees have been advised of the resumption of mining activities tonight, Tuesday 8 May 2007.

Meanwhile, an independent mediation process and an audit into the mine’s industrial relations policies and procedures has been put in motion. The intention is for this to be followed by a relationship building exercise between the various parties.

A total of 5 500 employees began the unprotected work stoppage at the start of the night shift on Sunday (29 April 2007).

Revenue losses are estimated at some R12 million per day. By the end of today, Tuesday 8 May 2007, Northam would have lost seven production days.

Johannesburg
8 May 2007

Contacts:

James Duncan
Tel: 011 880 3924
Mobile: 082 892 8052

Marion Brower
Tel: 011 880 3924
Mobile: 082 895 0698

Appointment as director: Mr Norman Mbazima

Northam is pleased to announce that Mr Norman Mbazima has been appointed a non-executive director of the company with effect from 1 May 2007.


Northam is pleased to announce that Mr Norman Mbazima has been appointed a non-executive director of the company with effect from 1 May 2007. His appointment follows the recent resignation of Mr Roeland van Kerckhoven from the Northam board.

Mr Mbazima is Executive Director: Finance at Anglo Platinum Limited.

Johannesburg
7 May 2007

Sponsor
Barnard Jacobs Mellet Corporate Finance (Pty) Limited

Unprotected strike action at Northam Platinum mine

The National Union of Mineworkers (NUM) is continuing with unprotected strike action at the Northam Platinum Mine near Thabazimbi, in spite of broad acceptance by the union of management proposals tabled at a meeting between the parties yesterday, Wednesday 2 May 2007.


The National Union of Mineworkers (NUM) is continuing with unprotected strike action at the Northam Platinum Mine near Thabazimbi, in spite of broad acceptance by the union of management proposals tabled at a meeting between the parties yesterday, Wednesday 2 May 2007.

A total of 5 500 employees began the unprotected work stoppage at the start of the night shift on Sunday (29 April 2007).

The unprotected action is related primarily to a demand by the NUM for the relocation of Northam’s Chief Executive Officer from the mine to the company’s corporate office in Johannesburg and the removal of two mine industrial relations department officials.

Yesterday’s proposals from management included:

  • the immediate appointment of an agreed independent mediator to conduct a full audit of the mine industrial relations structures, procedures and processes and to make recommendations;
  • the immediate institution of an independently facilitated Relationship By Objectives (RBO) process to improve relationships; and
  • the immediate appointment of an employee relations manager, similarly to improve relationships.

The NUM and striking workers have been advised that the strike action is unprotected. They have been informed by management that the ‘no work, no pay’ rule will apply and that the company reserves its rights to seek relief from the South African courts of law.

So far, loss of revenue due to the unprotected strike action is estimated to be R24 million.

Contacts:

James Duncan
Tel: 011 880 3924
Mobile: 082 892 8052

Marion Brower
Tel: 011 880 3924
Mobile: 082 895 0698

Appointment as Director and Chairman: Mr Lazarus Zim

Northam is pleased to announce that following the resignation of Mr Tokyo Sexwale, Mr Lazarus Zim has been appointed a non-executive director and chairman of the board of directors of the company with effect from 25 April 2007.


Northam is pleased to announce that following the resignation of Mr Tokyo Sexwale, Mr Lazarus Zim has been appointed a non-executive director and chairman of the board of directors of the company with effect from 25 April 2007.

Mr Zim recently succeeded Mr Sexwale as chairman of Mvelaphanda Resources which has a stake of some 21,9% in Northam. He was voted African Business Leader of the Year in 2005 and is the current president of the Chamber of Mines.

Former positions held by Mr Zim are, amongst others, managing director of MTN International, chief executive of MIH South Africa (responsible for M-Net, Supersport and Multichoice South Africa) and chief executive of Anglo American South Africa.

Johannesburg
2 May 2007

Resignation as Director and Chairman: Mr Tokyo Sexwale

Northam advises that Mr Tokyo Sexwale has tendered his resignation as non-executive director and chairman of the company with effect from 20 April 2007.


Northam advises that Mr Tokyo Sexwale has tendered his resignation as non-executive director and chairman of the company with effect from 20 April 2007. Mr Sexwale was appointed to the board on 15 September 2000 and chairman on 1 November of that year.

The company wishes to place on record its sincere appreciation of the services rendered to the company by Mr Sexwale during his term of office. His wise counsel, astute leadership and positive contribution to the affairs of the company will be sorely missed.

Johannesburg 25 April 2007

Resignation as a Director: Mr RHH van Kerckhoven

Northam advises that Mr Roeland van Kerckhoven has resigned as a non-executive director of the company with effect from 23 March 2007.


Northam advises that Mr Roeland van Kerckhoven has resigned as a non-executive director of the company with effect from 23 March 2007.

Johannesburg
26 March 2007
Sponsor: Barnard Jacobs Mellet Corporate Finance (Pty) Limited

Address by Glyn Lewis CEO, Northam Platinum Limited

The launch of this refinery today represents for us one of the many highlights in our relationship with Heraeus. This is a relationship which has developed over many years, in fact since the inception of our platinum mine, Northam, up in the Limpopo Province.


At the opening of the Heraeus precious metals refinery Port Elizabeth

Ladies and gentlemen

The launch of this refinery today represents for us one of the many highlights in our relationship with Heraeus. This is a relationship which has developed over many years, in fact since the inception of our platinum mine, Northam, up in the Limpopo Province. Matthias, I must congratulate you, your contractors and suppliers and your colleagues today – what you have achieved here in only 18 months is remarkable.

And to Roland Gerner and your colleagues in Germany, to Friedhelm, Matthias and your team here in Port Elizabeth, I wish to pay tribute to you and your organization. Your faith in Northam in those early days has made a solid contribution to the development of Northam, the subsequent creation of jobs, the development of infrastructure and communities - in what was in those days a remote and isolated area of the country. As a mid-tier platinum producing company, we now employ some 8000 people in one of the more impoverished areas of the country.

It is therefore particularly gratifying for us that Heraeus, one of the world’s largest precious metal manufacturing companies, has reaffirmed this faith in our country, our company, and the prospects for our long term future.

Large-scale development, such as we see here today, is inevitably associated with contributions from a number of players, and my thanks go to all of you today. The spirit of co-operation and the will to succeed with this project – from all the roleplayers, augurs well for the future economic development in the country, and indeed in this province. I must make particular mention of Mintek, the DME and the DTI. This has been an excellent collaborative effort, one which I believe, will contribute to an enabling environment for other smaller players to enter this exciting sector of the economy.

For us, the realization of this project (which has been in the pipeline for a number of years) creates an opportunity to make a percentage of our metal available for local downstream beneficiation initiatives, something we have always believed in and sought to pursue. The subsequent promulgation of the Mining Charter has brought its own imperatives for beneficiation. In line with the spirit of this Charter, we now have an excellent opportunity to make our metal available to local industries, both established and fledgling companies. In our strategic intent document, both Northam and Heraeus have articulated a commitment to building local intellectual capital – and to this end discussions have been initiated with a number of scientific, research and educational institutions to further the technological capabilities of our country and our people.

To conclude - I would like to quote from Northam’s chairman Alan Wright’s, opening address at the official inauguration of the mine 14 year ago in January 1993, a gathering at which Dr Jurgen Heraeus was himself present: “I should like to refer particularly to the occasion in 1988 when Dr Heraeus publicly welcomed me at a function in Frankfurt hosted by the Heraeus organization. The signing of the agreement between our two companies was announced at this function at which were present customers from many parts of the world.”

He went on to say: “This kind of positive interaction between business communities of different countries creates incentives for large capital investment programmes and provides jobs – a critical area if we wish to stabilize the socio-economic, and consequently, the political situation in our country as we move into the South Africa of tomorrow.”

Ladies and gentlemen, with those prophetic words, spoken in 1993, I would now like to hand you over to Dr Roland Gerner, Managing Director of Heraeus.

Thank you.

Heraeus opens new Platinum Group Metals refinery in South Africa

Early February saw Heraeus significantly strengthening its market presence on the African continent by starting up a pgm refinery in Port Elizabeth (South Africa).


Early February saw Heraeus significantly strengthening its market presence on the African continent by starting up a pgm refinery in Port Elizabeth (South Africa).

The Heraeus Refinery S.A. (Pty.) Limited, a subsidiary of the Group’s Managing Company, W. C. Heraeus, highly renowned for its precious metal expertise, is located in close proximity to the South African automobile industry whose demand makes it one of the main consumers of platinum group metals (pgm) for use in exhaust gas catalytic converters.

The processing plant is the result of a tightly-knit co-operation between Heraeus, the South African platinum producers Northam Platinum and the South African Department of Minerals and Energy. It is in fact the first pgm refinery ever in South Africa capable of integrated fabrication of added-value products.

Heraeus has been operating a plant producing pgm products in Port Elizabeth since 2003. These products are primarily for use in the local automobile industry in catalytic converters.

According to Managing Director Friedhelm Averdunk, “ Northam Platinum and Heraeus have enjoyed a mutual partnership for over 20 years during which time Heraeus has been refining concentrates from Northam in Hanau.”

The new pgm refinery has a modular design concept which makes it easily expandable to fit in ideally with both the expansion plans of Northam as well as the future activities of new mining companies.

At the present time the integrated secondary refining plant for precious metals employs more than 50 people. A continual training programme for the local workforce supported by the South African government is intended to act as a basis for securing further recruitment.

W. C. Heraeus GmbH processes worldwide the precious metals gold, silver, platinum and other platinum group metals as well as special metals primarily to produce industrial products for the automotive, chemical, electronics glass and ceramic, lighting technology, medical and pharmaceutical industries. A global network of more than 30 companies includes production facilities for all stages of precious metal production and processing. W. C. Heraeus enjoys a leading position in international precious metal trading.

The precious metals and technology group Heraeus, with its headquarters in Hanau, is a family concern active globally in the business areas of precious metals, dental health, sensors quartz glass and specialty lighting sources. With generated revenues of more than 9 billion Euros worldwide and more than 10,600 employees in over 100 subsidiaries and associated companies, Heraeus has been a highly renowned expert in precious metals and materials for more than 150 years.

For further information please contact:

Martina Rauch
Head of Corporate Communications
Heraeus Holding GmbH
Heraeusstraße 12-14
63450 Hanau
Phone: +49 (6181) 35-5100
Email: martina.rauch@heraeus.com
www.heraeus.com

Dr. Friedhelm Averdunk / Dr. Matthias Grehl
Managing Director of Heraeus Chemicals S.A (Pty) Ltd.
6-7 Oddy Place, Perseverance, Port Elizabeth
P.O.Box 1987, Port Elizabeth 6000
phone: +27 (0) 41 404-2805
E-mail friedhelm.averdunk@heraeuschemicals.co.za
matthias.grehl@heraeuschemicals.co.za
www.wc-heraeus.com