Despite challenging market conditions facing the South African platinum sector, scaling back on local operations, delays in various projects and a new wage negotiation season, JSE-listed mining company Northam Platinum maintains that it has “a good pipeline of projects at its Booysendal mining lease area, with a balance sheet strong enough” to fund the R4.8-billion required to develop these projects. CEO Paul Dunne said in February and June that these projects were “to counter” Northam’s perceived lack of replacement projects, investment and a gap developing between platinum demand and primary supply.
