Results of annual general meeting and changes to the board of directors

Northam shareholders (“shareholders”) are advised that at the annual general meeting of shareholders held on Tuesday, 7 November 2017 (“AGM”), the ordinary and special resolutions, as set out in the notice of AGM dated Friday, 22 September 2017, were approved by the requisite majority of shareholders present or represented by proxy at the AGM.

Board changes at Northam

Mr Lazarus Zim, chairman of Northam Platinum Limited (Northam) has retired from the board of the company with immediate effect. Mr Zim was appointed to the board in April 2007.

Northam’s long term credit rating upgraded

Northam wishes to advise shareholders that the credit rating agency, Global Credit Rating Co. (“GCR”), has upgraded Northam’s long term credit rating to A-(ZA) from BBB+(ZA) and reaffirmed Northam’s short term credit rating at A1-(ZA), with the outlook being accorded as Stable.

Platinum the key to clean air

Northam chief executive Paul Dunne today added the company’s voice to the Fuel Cell and Hydrogen Energy Association’s (FCHEA) campaign to help raise awareness of clean energy technology.

Dealings in securities

In terms of the Northam broad-based economic empowerment transaction implemented on 18 May 2015, Zambezi Platinum holds ordinary shares in Northam. Pursuant to the preference share terms, Zambezi Platinum is entitled to elect to settle the preference share redemption amount in cash, Northam ordinary shares or a combination thereof.

Dealings in securities

In terms of the Northam broad-based economic empowerment transaction implemented on 18 May 2015, Zambezi Platinum holds ordinary shares in Northam. Pursuant to the preference share terms, Zambezi Platinum is entitled to elect to settle the preference share redemption amount in cash, Northam ordinary shares or a combination thereof.

Appointment of independent non-executive director, Notice of annual general meeting and no change statement

In compliance with paragraph 3.59(a) of the JSE Limited Listings Requirements, Northam shareholders are advised that Mr David Hugh Brown has been appointed as an independent non-executive director to the board of Northam.

Dealings in securities

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited (“JSE”) Listings Requirements, Northam advises its shareholders of the following dealing by a director of the company.

Eventful year for Northam

Northam Platinum Limited (Northam) issued its results for the 2017 financial year today, Friday 25 August 2017. 

Solid performance and sound cost control as Northam plans for a rising market

Northam Platinum Limited (Northam) issued its results for the 2017 financial year today, Friday 25 August 2017.

DMR approval for Northam’s Tumela acquisition

[Media Release] Northam is pleased to announce that the DMR has approved the company’s intended acquisition of a portion of the Amandelbult mining right.

Northam receives section 102 consent for the acquisition of a portion of the amandelbult mining right

[SENS] Northam shareholders are referred to the announcement released on 11 October 2016 in respect of, inter alia, the acquisition by Northam of a portion of the Amandelbult mining right, contiguous with the north western boundary of Northam’s Zondereinde mine, for a cash consideration of R1 billion.

Trading statement and trading update

Shareholders are advised that the group’s loss per share for the year ended 30 June 2017 is estimated to range between 167.8 cents per share and 196.0 cents per share and the headline loss per share is estimated to range between 167.3 cents per share and 196.3 cents per share.

Northam diversifies into the recycling market

Northam is pleased to advise that it has reached agreement to purchase a suite of PGM recycling equipment and the associated premises from A-1 Specialized Services Inc., a recycler of PGMs. The business is located in the state of Pennsylvania, United States of America.

Acquisition of Platinum Group Metals Recycling Assets in the United States of America

Northam is pleased to announce that it has entered into binding transaction agreements pursuant to which it will acquire platinum group metals recycling equipment located in Pennsylvania, United States of America, as well as immoveable property comprising land and buildings for the PGM Recycling Equipment.

Notice confirming written consent of noteholders

Northam confirms that 97.7% of all Noteholders consented in favour of the Proposed Amendment. No Noteholders objected to the Proposed Amendment

Notice of acquisition of beneficial interest in Northam ordinary shares ("shares")

In accordance with Section 122(3)(b) of the Companies Act, No 71 of 2008, as amended (the “Act”) and paragraph 3.83(b) of the JSE Limited Listings Requirements, Northam shareholders are advised of the following:

Notice of request for written consent of Noteholders

A notice of request for consent has been delivered by Northam to each holder of Notes issued under Northam’s ZAR2 000 000 000 Domestic Medium Term Note Programme.

Dealings in securities

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited (“JSE”) Listings Requirements, Northam advises its shareholders of the following dealing by a director of a major subsidiary of the company:

Northam exits Pandora Joint Venture

Northam Platinum Limited (Northam) announced today that it has entered an agreement to sell its 7.5% stake in the Pandora joint venture (JV) to Lonmin’s Eastern Platinum Limited for a cash consideration of R45.6 million.

Northam disposes of its 7.5% interest in the Pandora Joint Venture

Northam is pleased to announce that Mvelaphanda Resources Proprietary Limited, a wholly-owned subsidiary of Northam, entered into a sale of participation interest agreement with Eastern Platinum Limited, a subsidiary of Lonmin Plc on 13 May 2017.

Dealings in securities

In compliance with paragraphs 3.63 to 3.66 of the JSE Limited (“JSE”) Listings Requirements, Northam advises its shareholders of the following dealing by a director of the company.

Standout performance at Northam’s Booysendal mine

Northam is pleased to announce that it has made further progress in delivering on its growth strategy by acquiring the Eland Platinum mine from Glencore Operations South Africa (Pty) Ltd (GOSA).

Northam acquires Eland and enters chrome marketing agreement

[Media Release] Northam is pleased to announce that it has made further progress in delivering on its growth strategy by acquiring the Eland Platinum mine from Glencore Operations South Africa (Pty) Ltd (GOSA).

Northam acquires the Eland Platinum mine and concludes a chrome marketing agreement

[SENS] Northam is pleased to announce that it has entered into the following agreements.