Northam Platinum hunting for quality South African mines to buy

May 19, 2017

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South African miner Northam Platinum is searching for mines to buy but is struggling to find high-quality, mechanised operations for sale in South Africa, its chief executive said. The midtier producer, which has been bolstered by a strong balance sheet that is rare in the embattled industry, is seeking rich, shallow ore bodies that would be cheap to mine.

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