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Published on 08 May 2015
Zambezi Platinum: Empowering a new era in mining
Johannesburg, Friday 8 May 2015. Zambezi Platinum (RF) Limited (Zambezi Platinum), the special purpose vehicle created to house the newly constituted HDSA shareholding in Northam Platinum Limited (Northam), will be admitted to the main board of the JSE on Monday 11 May 2015.
Zambezi Platinum will be issuing preference shares which are tradeable on the exchange. The JSE listing also provides a broader section of the public, other than Northam shareholders, an opportunity to invest in the preference shares.
The establishment of Zambezi Platinum follows on the back of a groundbreaking empowerment transaction concluded by Northam on 19 March 2015, when shareholders voted overwhelmingly in favour of the deal. With the conclusion of this transaction Northam has a sustainable HDSA equity holding which complies with the Mining Charter's ownership requirements.
Through a concurrent capital raising, Northam also raised R4.6 billion to support its strategic objectives of growing the business. This has already progressed with the acquisition of the Everest mine, now known as Booysendal South.
Further details of Zambezi Platinum are available on the Northam website.
Queries:
Russell and Associates: 011 880 3924
Marion Brower
Tel: +27 (0)71 493 0387
Email: [email protected]This email address is being protected from spambots. You need JavaScript enabled to view it.
Memory Johnstone
Tel: +27 (0)82 767 8287
Email: [email protected]This email address is being protected from spambots. You need JavaScript enabled to view it.
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Northam Platinum Ltd
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PRODUCER |
CODE : NOC.BE |
ISIN : ZAE000030912 |
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ProfileMarket IndicatorsVALUE : Projects & res.Press releasesAnnual reportRISK : Asset profileContact Cpy |
Northam Platinum is a platinum producing company based in South africa. Northam Platinum holds various exploration projects in South Africa. Its main asset in production is NORTHAM MINE in South Africa and its main asset in development is BOOYSENTHAL in South Africa. Northam Platinum is listed in Germany, in South Africa and in United States of America. Its market capitalisation is €UR 1.8 billions as of today (US$ 2.2 billions, € 1.8 billions). Its stock quote reached its lowest recent point on December 18, 2015 at €UR 1.16, and its highest recent level on September 08, 2021 at €UR 10.50. Northam Platinum has 174 810 000 shares outstanding. |