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Johannesburg|Northam Platinum|Chrome|Mining|Platinum Group Metals|Paul Dunne
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johannesburg|northam-platinum|chrome|mining|platinum-group-metals|paul-dunne

Northam increases RCF to R15bn as it prepares for investment in further growth opportunities

Northam Platinum CEO Paul Dunne

Northam Platinum CEO Paul Dunne

11th August 2026

By: Creamer Media Reporter

     

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Johannesburg-listed Northam Platinum has finalised an agreement to increase its existing revolving credit facility (RCF) from R13.3-billion to R15-billion, taking Northam's total available banking facilities to R16-billion.

The available banking facilities provide the Northam group with important funding flexibility and liquidity.

"We are approaching the conclusion of our current strategic journey and, given the quality of our resource base and operating assets, together with our view of an ongoing and increasing platinum group metal (PGM) supply deficit, it is now time to set new goals.

"Having assessed all available alternatives, we have concluded our optimal path lies in a combination of incremental brownfield enhancements to our own operations, together with the expansion of our third-party business," the company says.

It points out that this will, over the next five years, enable growth in the company's sales to 1.5-million ounces of platinum, palladium, rhodium and gold and two-million tonnes of chrome concentrate, while "bullet-proofing" the company against future potential market shocks.

This new strategic goal includes growth at each of the company's operations and will require capital investment. The increased RCF will secure the liquidity needed to enable execution of this strategy despite any potential future market volatility.

"Northam's belief in the inherent value of the metals which we produce, together with our long-held view of shrinking global primary production, have been the drivers behind our growth strategy. This strategy has required the investment of significant capital.

"The RCF Increase will provide Northam with the liquidity and flexibility to increase our production base even further and to continue to sustainably increase value for all stakeholders," CEO Paul Dunne comments.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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