What Northam's move into US PGM recycling sector means
The producer secures another cheap deal with Pennsylvania assets worth $10.7m
Northam Platinum secured another cheap deal, snapping up the assets of a liquidated platinum group metal (PGM) recycling company in the US, giving the group greater exposure to palladium and reducing its exposure to SA. The deal, which is due to close before the end of August, comes soon after Sibanye Gold bought US miner and recycler Stillwater Mining for $2.2bn, launching it into the premier league of PGM producers. The assets Northam is buying in Pennsylvania are capable of generating more than 300,000oz a year of PGMs, mainly palladium, from recycled autocatalysts, which are used to tackle pollution from the exhaust gases of petrol and diesel engines. If you are already a subscriber, please click on the following link below to go to the full article: Northam enters US PGM recycling sector If you would like to subscribe to BusinessLIVE Premium to read the full story, please click here to subscribe * Premium content is not yet available on the app. Please use the desktop site t...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.