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Northam Platinum “pauses, defers, curtails” projects as sales fall 25%
Northam Platinum said on Monday it had adjusted capital programmes across the group’s three mines following a deterioration in the platinum group metal (PGM) market. Commenting in a trading statement ahead of its interim results, scheduled for March 1, Northam said it had curtailed, deferred or paused certain capital projects. These included Zondereinde’s Western Extension and the development of declines at the Booysendal. At Eland development of decline systems had been temporarily paused. “A raft of global geopolitical issues has the potential to cause further disruption to PGM markets and metal prices, ... (full story)