This year we are reporting in terms of our material issues – those issues that are most material to the business and stakeholders, and which fundamentally influence the assessments and decisions of stakeholders.SCOPE OF REPORT
deal with Zambezi Platinum
recovery in operating margin (F2014: 1.2%)
Booysendal concentrator recoveries
employees in total
It is a privilege to address all of Northam’s stakeholders – a privilege, however, that is tempered by the rapid changes occurring in the platinum sector as a whole.
The year under review has been a memorable one, characterised by the R6.6 billion BEE equity transaction with Zambezi Platinum.
Operating profits and project margins have risen, driven by higher volumes from both mines.