Northam Platinum joins peers in declaring force majeure
Like its larger fellow miners, the company has been affected by the Covid-19 lockdown and is now running just one furnace
01 April 2020 - 19:30
Northam Platinum, as its peers, has declared force majeure on its supply of platinum group metals (PGMs) to its four customers and it is considering limited mining at its mechanised Booysendal operations.
Companies declare force majeure, a clause in contracts that frees them from obligations when something happens beyond their control, in this case, the global Covid-19 pandemic that has claimed 44,264 lives and infected 887,067 people, according to Johns Hopkins University...
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