Northam purchased a 100% interest in the Eland mine from Glencore Operations South Africa Proprietary Limited in February 2017 for a cash consideration of R175 million. In terms of the proposed transaction and for a purchase price of R175 million in cash, Northam will acquire all Eland’s assets, including:Commenting on the transaction today, Northam chief executive Paul Dunne said,The Eland mine is located on the south-eastern limit of the western limb of the Bushveld Igneous Complex. View our approach to reporting and scope of report.A playback of the teleconference will be available for 48 hours afterwards on the following telephone numbers:Northam Mineral Resources and Mineral Reserves statement 2019Northam condensed financial results and group statistical information 2019Northam notice of general meeting and abridged annual report 2019

Eland’s two mining rights with a resource currently estimated at 19.3 Moz 4E at an av… Eland had been mothballed in 2015 in light of poor platinum market conditions and operational issues at the mine. Northam is pleased to announce that the Eland transaction has become unconditional.
Find your next opportunity and apply today!. South Africa's Northam Platinum Ltd said on Friday it would acquire Glencore Plc's Eland platinum mine in North West province for 175 million rand ($14 million). Northam platinum hospitalposition available: maternity paramedics cleaners enrolled nurse axillary nurse professional nurse dentist general work laundry caregiver/health care security Below are some key features for the year ended 30 June 2019.

This proposed transaction is supplemented by an exclusive chrome marketing agreement with Glencore International AG (Glencore) to market and sell chrome produced at Northam’s PGM operations. Choose from 23 northam jobs on South Africa's biggest job offers site. The transaction includes the takeover of Eland’s environmental obligations and responsibilities and is subject to a number of conditions precedent.A playback of the teleconference will be available for 48 hours afterwards on the following telephone numbers:Register for alerts to receive our latest regulatory announcements and corporate news Northam acquired Eland from Swiss commodities trader Glencore for R175million in 2017. Northam is an independent integrated PGM producer listed on the JSEReturning value to investors through disciplined capital allocation.We are investing in our business in order to, safely and efficiently, grow all operations into 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 Platinum is an independent integrated PGM producer listed on the JSE.The primary operations are centered on their two wholly owned mines, Zondereinde and Booysendal, and the additional metallurgical operations at Zondereinde including a smelter and base metals removal plant. Northam shareholders are referred to the announcement published on SENS on 24 February 2017 in respect of the acquisition by Northam of the Eland Platinum mine, for a cash consideration of R175 million (the “Eland transaction”), subject to the fulfilment of certain conditions precedent. In terms of the transaction, Northam acquired all of Eland mine’s assets which included: 1. Northam notice of general meeting and abridged annual report 2019 View all publications For further information on COVID-19, please visit www.sacoronavirus.co.za Northam Platinum’s strategy of buying additional mines, as its strives to become a 1-million ounce a year platinum group metals producer, netted it Glencore’s Eland Platinum mine for R175m cash.

long-life producers of PGMs, while continuously moving down the cost curve. Eland mine was placed on care and maintenance in 2015 and Northam continued to manage it as such whilst undertaking the feasibility study for the Kukama shaft.


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