![NORTHAM PLATINUM](https://www.shareribs.com/typo3temp/pics/6cb6eac198.gif)
Northam Platinum Limited, a broadly based black economic empowerment company, currently operates a platinum group metals (PGM) mine at the upper end of the western limb of the South African Bushveld Complex, and is in the process of acquiring a 50% JV interest in the Booysendal project on the eastern limb of the Bushveld Complex.
Northam operations in the Bushveld complex
Enlarge locality map
Northam produces some 360 000 oz of platinum, palladium, rhodium and gold (3PGE+Au) annually. Northam’s current life of mine is estimated at 16 years. The mine has a resource base of 18.2 Moz.
Underground mining operations are centred on the Merensky and UG2 reefs from a twin shaft system at depths varying between 1 200 and 2 200 meters, and with rock temperatures up to 75°C. Northam is the pioneer of deep-level hydro powered mining methods in the South African mining industry. Over the years it has refined this technology which complements the world-class surface infrastructure, comprising two concentrator plants, a smelter and base metals removal plant.
Northam is committed to creating value for shareholders by ensuring the company’s continued sustainability and leveraging opportunities for growth while continuing to reward shareholders.
The company’s shares are listed on the JSE Limited.