Northam Platinum Plans to Buy More Assets

- February 20th, 2015

Mineweb reported that Northam Platinum Ltd. (JSE:NHM) plans to seek more assets after buying Aquarius Platinum Ltd.’s (ASX:AQP) Everest operation.

Mineweb reported that Northam Platinum Ltd. (JSE:NHM) plans to seek more assets after buying Aquarius Platinum Ltd.’s (ASX:AQP) Everest operation.

As quoted in the market news:

Profit excluding one-time items was 355.3 million rand ($30 million), or 89 cents a share, for the six months ended Dec. 31 from a loss of 96 million rand, or 25 cents a share, a year earlier, Johannesburg-based Northam said in a statement Friday. As part of a strategic review announced in August, the company may acquire more assets as it diversifies away from being a single-site operation, it said.

The company stated:

Northam will continue to assess opportunities which may arise from restructuring in the sector and which fits its objective of growing down the industry cost curve.

Click here for the full Mineweb report

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