Northam ups funding capacity as stockpile monetisation ensues

Platinum mining company Northam has increased its funding capacity to tide it over a capital intensive development period. A new R1-billion two-year unsecured revolving credit facility to April 2020 is augmenting a previous R2-billion unsecured revolving credit facility to November 2021, taking Northam’s total funding capacity to R3-billion until April 2020.