Northam Platinum strengthens liquidity, attracts R411m new funding

Platinum group metals mining company Northam Platinum has strengthened its liquidity position in response to Covid-19 by attracting R411-million of additional new long-term funding during the lockdown period as part of the completion of its R2.65-billion restructuring of its domestic medium-term note programme. “We believe the company is well placed to weather the ongoing Covid challenges and we remain appreciative of the support of our investors,” Northam CEO Paul Dunne stated in a release to Mining Weekly.

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