 | |
| Company type | Public |
|---|---|
| JSE:NPH | |
| Industry | Mining |
| Headquarters | , |
Key people | Temba Mvusi (chairman) Paul Dunne (CEO) Alet Coetzee (CFO) |
| Products | Platinum group metals |
| Revenue | R 6.097 billion[1]: 148 (2016) |
| R 665.53 million (2016) | |
| R (508.26) million (2016) | |
| Total assets | R 18.977 billion (2016) |
| Total equity | R 8.728 billion (2016) |
Number of employees | 6274 (FT) (2016) |
| Website | www |
Northam Holdings is an independent integratedplatinum group metal producer listed on theJSE. The primary operations are centered on their three wholly owned mines, Zondereinde, Booysendal and Eland, and the additional metallurgical operations at Zondereinde including a smelter and base metals removal plant. Northam's three main products mined areplatinum,palladium andrhodium. These are consumed by industries such as motor manufacturing, jewellery and other industrial sectors.
Northam Platinum has three main mines in South Africa located at Zondereinde,Limpopo Province, Booysendal,Mpumalanga and ElandNorth West. Located close toThabazimbi, the Zondereinde mine produces 280,000oz of refined PGMs a year in 2016 and has an expected life of more than 20 years.[1]: 3 Close by is Northam Chrome, which obtainschrome from the material mined from Zondereinde.[1]: 3 The Booysendal site consists of three mines, Booysendal UG2 North, Booysendal Merensky North and Booysendal South. UG2 North opened in July 2013 and produces 160,000oz a year with a 105 million ounces available.[1]: 3 Merensky North is under development and the South mine also consists of the Everest platinum mine purchased fromAquarius Platinum in 2015.[1]: 3 In a joint venture project, it has a 7.5% interest the Pandora mine withAnglo American Platinum andLonmin.[1]: 3 Northam also has a 50% interest in the Dwaalkop joint venture and a 51% interest in the Kokerboom exploration joint in the Northern Cape.[1]: 3
During February 2017, Northam announced a proposal to purchase the Eland platinum mine for R135 million from its ownerGlencore.[2] The mine, said to have 21.3 million ounces of product, had been closed since 2015, due to price falls and difficulties in its operations.[2] The purchase includes the mines two mining rights, surface and underground infrastructure.[3] Northam had also reached marketing deal for the sale of its chrome product through Glencore.[2]
The shares of thestock of Northam Platinum are traded on theJSE. As at June 30, 2016, the shareholding in the group's stock consisted of 509,781,212 shares as depicted in the table below:[1]: 148
| Rank | Name of owner | Percentage ownership |
|---|---|---|
| 1 | Zambezi Platinum | 31.37 |
| 2 | Coronation Asset Management | 29.68 |
| 3 | Public Investment Corporation | 7.25 |
| 4 | Sanlam Investment Management | 5.86 |
| 5 | Foord Asset Management | 5.33 |
| 6 | Clients of Allan Gray | 5.01 |
| 7 | Other investors via the JSE | 15.5 |
| Total | 100.00 |
The shareholders in 2016 can be broken down as follows:[1]: 5
In 2023,Old Mutual became a minority shareholder.[4]
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