Corporate profile

Northam Platinum Limited (Northam) is the onlsy fully independent, black-owned and controlled integrated platinum group metals (PGM) producer listed on the JSE Limited (JSE). The company wholly owns and operates the cash-generative Zondereinde platinum mine and metallurgical complex on the upper end of the western limb of the South African Bushveld Complex near the town of Thabazimbi.

Northam is currently also developing its wholly-owned 103Moz-resource world class Booysendal platinum project, which is located near the town of Mashishing on the eastern limb of the Bushveld Complex. In addition, the company holds a 7.5% interest in the Pandora joint venture, a PGM mining operation on the lower end of the western limb of the Bushveld Complex in partnership with Anglo Platinum, the Bapo Ba Mogale community and Lonmin.

The company has a combined resource base of 130Moz (8.2Moz in the reserve category), with more than 50 years life of mine. The development of Booysendal could add some 350 000oz to the company’s existing annual output of some 300 000oz. As an independent, fully integrated PGM producer, Northam has full control over the entire beneficiation stream of its metals from mine to market.

Group structure

Bushveld Complex

Geographical shareholder spread*

* of the 37% free float