Northam to buy Everest Mine for R450m | Fin24
 
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Northam to buy Everest Mine for R450m

Feb 10 2015 11:08
Mining

(Shutterstock)

Company Data

NORTHAM PLATINUM LIMITED [JSE:NHM]

Last traded 42
Change 0
% Change 1
Cumulative volume 552724
Market cap 0

Last Updated: 01/01/0001 at 12:00. Prices are delayed by 15 minutes. Source: McGregor BFA

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Johannesburg - Northam Platinum [JSE:NHM] said on Tuesday it will acquire Aquarius Platinum's Everest mine and related assets for R450m.

Northam also said Everest would add about 60 million platinum ounces to its business, and that it would manage the mine located in the South African province of Mpumalanga during the interim period before closing the deal.

The platinum industry, which is the world's top producer of the white metal used for emissions-capping catalytic converters in automobiles, is still recovering from last year's record five-month strike that cut production.

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northam platinum  |  johannesburg  |  acquisitions  |  mining
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