Northam Platinum finalizes Everest asset acquisition

Northam Platinum has finalized the R450 million (Can$43 million) acquisition of Everest Mining assets now that it has received the approval of South Africa's Department of Mineral Resources.

Northam's CEO Paul Dunne lauded the deal.

"With Everest now being part of the broader Booysendal mining footprint, Northam is well positioned to assess and prioritise its internal growth opportunities,” said Dunne in a statement.

Northam runs the the Zondereinde and Booysendal PGM mines. It also has metallurgical operations, including a base metals removal plant and smelter, located on the Zondereinde lease area.