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Northam finalises a further renewable energy deal
NORTHAM PLATINUM HOLDINGS LIMITED NORTHAM PLATINUM LIMITED
Incorporated in the Republic of South Africa Incorporated in the Republic of South Africa
Registration number: 2020/905346/06 Registration number: 1977/003282/06
Share code: NPH ISIN: ZAE000298253 Debt issuer code: NHMI
("Northam Holdings" or, together with its subsidiaries, Bond code: NHM016 Bond ISIN: ZAG000167750
"Northam" or the "group") Bond code: NHM021 Bond ISIN: ZAG000181496
Bond code: NHM022 Bond ISIN: ZAG000190133
Bond code: NHM023 Bond ISIN: ZAG000190968
Bond code: NHM025 Bond ISIN: ZAG000195934
Bond code: NHM026 Bond ISIN: ZAG000195942
("Northam Platinum")
NORTHAM FINALISES A FURTHER RENEWABLE ENERGY DEAL
Northam is pleased to announce the successful finalisation of a Power Purchase Agreement ("PPA") with an
Independent Power Producer ("IPP") in respect of a 140MW wind farm to provide energy to the group's operations.
This is the second significant renewable energy deal for Northam, following the finalisation of a PPA in respect of an 80MW
solar power plant to service its Zondereinde mine, as announced on SENS on 4 October 2024.
The wind farm is located close to Sutherland in the Western Cape and is anticipated to deliver 460GWh of energy per year,
over the Eskom grid, to the group's three mining and processing operations. Construction will commence immediately, with
power being available in the 2027 financial year.
The combination of the solar and wind power plants will reduce the group's carbon footprint by up to 45%, while providing
substantial energy cost savings and improving security of power supply.
The IPP comprises a consortium including G7 Renewable Energies Proprietary Limited and Cennergi Holdings Proprietary
Limited, a subsidiary of Exxaro Resources Limited. Project finance is being provided by Nedbank Limited (acting through
its Nedbank Corporate and Investment Banking Division), Standard Bank Limited and Absa Bank Limited.
The project is part of a broader strategy of reducing Northam's environmental impact while improving business resilience
through securing the supply and reducing the cost of bulk services.
Northam is progressing other renewable energy projects in a dynamic and rapidly changing technological and legislative
environment. These include additional solar and battery storage initiatives.
Paul Dunne, Northam's Chief Executive Officer, welcomed this latest agreement, stating that, "Northam continues to
demonstrate its commitment to sustainably reducing the environmental impact of our mines whilst realising significant and
sustainable cost savings. This latest agreement, relating to our second major renewable energy plant, represents a further
milestone in this ambition. The environmental, operating cost and energy security benefits implicit in these initiatives further
ensure the success of our world-class operations well into the future".
Johannesburg
19 February 2025
Corporate Advisor and Sponsor to Northam Holdings
One Capital
Corporate Advisor and Debt Sponsor to Northam Platinum
One Capital
Date: 19-02-2025 11:15:00
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