Northam Platinum Limited PDF print options   
Annual Report 2003
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Northam Platinum Limited, a broadly based black empowerment company, operates a platinum mine at the upper end of the western limb of South Africa's renowned Bushveld Complex. This complex accounts for more than 80% of the world's platinum group metals (PGM) resources. 

The company's annual metal production amounts to approximately 330 000 ounces of platinum, palladium, rhodium and gold (3PGE+Au). Northam has 11.3 million ounces of reserves in a total resource of 20.3 million ounces. 

Northam mines both the Merensky and UG2 Reefs at an average depth of 1 670 metres, from a twin shaft system utilising state of the art hydropower technology. The company is actively pursuing opportunities to broaden its resource base and reduce its unit cost structure. As an independent producer of PGMs, Northam commands significant expertise in deep level mining and integrated flotation, smelting and base metal recovery and as a consequence is well placed to partner both major and junior companies in the industry. 

The company is a reliable and independent supplier of metals of London and Zurich 'good delivery' quality with a geographically diversified PGM customer base; copper and nickel, the base metal by-products of PGMs, are readily transported to sales destinations within South Africa. 

Northam is committed to maximising value for shareholders both by way of growing the company's share price and rewarding investors with dividends after having made provision for the company's continued sustainability. 

The company's shares are listed on the JSE Securities Exchange South Africa.  
 

Northam Platinum Limited
AR 2003
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