Annual Report 2010
  1. Business profile
  2. Reporting scope
  3. Chairman's statement
  4. Chief executive’s review
  5. Operations review
  6. Financial review
  7. Ten year statistical review
  8. Ten year financial review

Business profile

Northam Platinum Limited (Northam) is the only 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, as well as the 103Moz-resource Booysendal platinum project, 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 Limited (Anglo Platinum), the Bapo Ba Mogale community and Lonmin plc (Lonmin).

The company has a combined resource base of 130.72Moz (10.61Moz in the reserve category), with more than 50 years’ life of mine. The development of Booysendal could add some 162 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.

Incorporated in the Republic of South Africa (Registration number 1977/003282/06)
Share code: NHM ISIN: ZAE 000030912 (“Northam Platinum” or “the company”)

Locations map

Group structure

Group structure
 

NORTHAM ANNUAL REPORT 2010