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Northam ups credit facility by R2bn to support renewables

6th March 2026

By: Tasneem Bulbulia

Deputy Editor Online

     

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Northam Platinum has concluded and implemented an agreement to increase its existing revolving credit facility (RCF) from R11.3-billion to R13.3-billion to support its renewable- energy rollout.

Northam’s total available banking facilities now amount to R14.3-billion, comprising the increased RCF of R13.3-billion, which matures in August 2027, and existing general banking facilities of R1-billion.

Northam has been pursuing an alternative and renewable-energy programme to improve security and diversity of energy supply, while simultaneously reducing long-term energy costs and the company’s impact on the environment.

To date, it has entered into various power purchase agreements with independent power producers for new renewable- energy projects, which are in advanced construction phases, with some already producing renewable energy.

Northam is also developing various own-build and owned renewable-energy projects at the company’s mine sites, comprising solar PV plants and utility-scale battery storage.



Northam’s alternative energy programme is scheduled to provide more than 70% of the company’s total energy requirement from renewable sources before the end of the current decade, with a concomitant significant reduction in its carbon emissions and increase in energy availability factor on a competitive cost basis.



Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

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