NHM NHM002 NHM003 201801300001A
Acquisition of Eland Platinum Mine becomes unconditional
NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa
(Registration number 1977/003282/06)
Share code: NHM ISIN: ZAE000030912
Debt issuer code: NHMI
Bond code: NHM002 Bond ISIN: ZAG000129024
Bond code: NHM003 Bond ISIN: ZAG000129032
(“Northam”)
ACQUISITION OF ELAND PLATINUM MINE BECOMES UNCONDITIONAL
Northam shareholders are referred to the announcement published on SENS on 24 February 2017
in respect of the acquisition by Northam of the Eland Platinum mine, for a cash consideration of
R175 million (the “Eland transaction”), subject to the fulfilment of certain conditions precedent.
Northam is pleased to announce that the Eland transaction has become unconditional. Northam
will acquire full ownership of the Eland mine and ancillary infrastructure via Eland Platinum (Pty)
Limited (“Eland Platinum”), a wholly-owned subsidiary of Northam.
Northam will operate Eland Platinum on a fully integrated mine to market basis. PGM concentrate
produced at Eland mine will be beneficiated at Northam’s Zondereinde smelter complex.
Paul Dunne, Northam’s Chief Executive Officer, said “Northam is well advanced in developing
its mine plan for Eland and is looking forward to recommissioning the mine to unlock the potential
of this large, shallow resource. The Eland transaction further diversifies Northam’s asset footprint
and significantly enhances the long-term optionality and flexibility of Northam’s asset portfolio.”
Johannesburg
30 January 2018
Corporate Advisor, Sponsor and Debt Sponsor: One Capital
Attorneys: Cliffe Dekker Hofmeyr Inc.
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