Northam Platinum increases its revolving credit facility to R11.34bn
01 September 2024 - 18:14
Northam Platinum has increased its revolving credit facility, a move meant to increase the group’s financial muscle as it fights to remain stable amid falling platinum group metal (PGM) prices.
“Our main defence against softer metal prices is to control internal unit cost inflation. To this end, we have instituted various initiatives across the group, targeting both operating and capital expenditure,” CEO Paul Dunne said as the group reported full-year earnings to end-June on Friday...
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