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Northam buys Glencore’s Eland mine for R175m; secures chrome marketing agreement

JSE-listed Northam Platinum has acquired the Eland Platinum mine from Glencore Operations South Africa for R175-million.  It has also concluded an exclusive chrome marketing agreement with Glencore International, which will market and sell chrome produced at Northam’s Zondereinde and Booysendal operations.