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Northam unveils new $2.2B BEE deal

26.5% of the PGM miner to be held by black and disadvantaged groups

Oonagh Reidy
South Africa’s fourth largest PGM producer Northam Platinum is to create a new 33.1 billion Rand (US$2.2 billion) black empowerment deal

South Africa’s fourth largest PGM producer Northam Platinum is to create a new 33.1 billion Rand (US$2.2 billion) black empowerment deal

Northam said it would fast track the buyback of 31.4% of shares in Zambezi.   The new deal, announced on Tuesday, will see employees and communities hold a 23% stake in Northam for a 15-year period...

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