Amplats, Northam deal boosts Zondereinde mine life

A three-part transaction was announced on Tuesday when Northam Platinum and Anglo American Platinum (Amplats) each outlined a mix and match deal that involves R1-billion in cash for a large platinum mining resource area on the western limb of the Bushveld Complex, the exchange of surface rights above part of the area and the swopping of a small resource described as "strategic". Northam is the payer of the R1-billion to Amplats for a large adjoining resource in the Amandelbult mining right area, which has the potential to extend the economic life of Northam’s Zondereinde mine to beyond 30 years.