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Growing down the cost curve

This year Northam Platinum completed a combined empowerment transaction and capital raise that resulted in an injection of R4 billion (US$289 million) in cash onto the balance sheet, while the company remains debt-free. In addition to the Zondereinde mine, with a 21-year life, Northam also owns the large Booysendal property on the Eastern Limb, which contains 100 million ounces of platinum group metals (PGMs). The company is able, in a difficult market, to grow its production profile down the cost curve, essentially migrating away from deep-level, narrow-stoping to a mechanised board-and-pillar type operation.

Growing down the cost curve Growing down the cost curve Growing down the cost curve Growing down the cost curve Growing down the cost curve

Paul Dunne is leading the company towards a mechanised mining future

Mining Journal:What are your core leadership values?

Paul Dunne: I believe it is very important to instill confidence in the team.

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