NHM
NHM
NHM - Northam Platinum Limited - Zondereinde Operational Update
NORTHAM PLATINUM LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1977/003282/06)
Share code: NHM ISIN:ZAE000030912
("Northam" or "the company")
ZONDEREINDE OPERATIONAL UPDATE
Section 54
The management of Northam advises that mining operations resumed on the night
shift of Friday, 25 May 2012 at the No 1 shaft of the company`s Zondereinde
division following the upliftment of the section 54 instruction. As per the
company`s previous advice to shareholders, the affected shaft was closed on
Tuesday, 22 May 2012.
Smelter
Further to the announcements published on SENS on11 May 2012 and 15 May 2012,
the company advises that a toll smelting and refining agreement has been
finalised with a third party. The toll agreement will have no effect on the
company`s revenue or costs in the current financial year.
The previous guidance in the announcement dated 15 May 2012 indicating an
anticipated R300 million drop in revenue in the financial year ending 30 June
2012 remains valid.
Johannesburg
28 May 2012
Sponsor
One Capital
Date: 28/05/2012 16:55:01 Produced by the JSE SENS Department.
The SENS service is an information dissemination service administered by the
JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or
implicitly, represent, warrant or in any way guarantee the truth, accuracy or
completeness of the information published on SENS. The JSE, their officers,
employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature,
howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Profile Group (Pty) Ltd. has taken care in preparing all information on this website, but does not accept any liability for errors or out-of-date information.
