Managemant College of South Africa. JSE-listed Northam Platinum expects to achieve a record operating profit for the financial year ended June 30. Investors and media. The company said in a trading statement today that normalised headline earnings would be in excess of R1.8bn, an increase of roughly R1.25bn year-on-year, or some 240%. BEST ever production numbers and elevated pricing for the rand basket of platinum group metals (PGM) would propel Northam Platinum to a record interim profit.. It adjusted downwards its forecast for the platinum price which would average $925/oz in 2020 – a 10% decline.“Our top pick among South African PGM miners remains Northam, which we believe is being transformed by the expansion at its Booysendal mine,” said Dominic O’Kane, an analyst for JP Morgan Cazenove.“We expect this expansion to drive peer-leading earnings growth for Northam, while a substantial inflection in free cash flow should support ongoing purchasing of its preference shares,” he said.Rand Merchant Bank said in a report in December that it saw “… a reasonable likelihood that prices and sector profitability will remain elevated and/or move higher in 2020”. Northam Platinum is an independent integrated PGM producer listed on the JSE. 05 March 2020 Northam in the JSE Top 40 Media release. The world's largest platinum producer, Anglo Platinum, accounted for nearly 40% of all primary refined platinum and roughly 30% of total global production. Northam has efficiently managed the impact of the COVID-19 pandemic and has not wavered from its strategy of pursuing production growth and asset diversification. SA’s leaders have managed to turn an emergency into a disaster, with trust gone and corruption the new normalNumber of fatalities falls for the second consecutive week after three months of increasing mortalitiesIn countries with endemic corruption, such as SA, governing elites loot because they don’t see it as wrong — and because they get away with itTesla is taking after Apple, which announced a 4-for-1 stock split in JulySA Reserve Bank Governor cautions against 'making policy mistakes that could sink us into deeper trouble'The aim is to help change the face of the male-dominated industry, which will play a leading part in future-proofing the economyCore inflation in the US rose more than expected in JulyAmakhosi looked to have the three points in the bag, but Wits dogged attitude paid offTAF is not letting lockdown get in the way of showcasing Africa’s talent to keen art collectorsNortham Platinum will deliver record annual financial results despite losing a significant amount of platinum group metals (PGMs) in the lockdown of the SA economy for the last quarter of its year.Northam, which is growing production aggressively at a number of projects, said on Wednesday that it had generated record sales revenue, operating profit and earnings before interest, tax, depreciation and amortisation (ebitda) for the year to end-June. The company said in a trading statement today that normalised headline earnings would be in excess of R1.8bn, an increase of roughly R1.25bn year-on-year, or some 240%. This was based on a fundamental PGM market deficit of 500,000 oz to one million oz annually, and tightening emission standards that would drive demand.Anglo American Platinum announced on January 28 that it expected headline earnings as high as R17.5bn – some R10bn more than achieved during its 2018 financial year. Report this profile; About. Returning value to investors through disciplined capital allocation.

Toll refining for PGM concentrate takes place under contract with WC Heraeus in Germany and is delivered on a weekly basis to Heraeus' Hanau …