Nigeria resumes mining in Zamfara state on improved security
Nigeria has lifted a ban on mining exploration in the northwestern state after a five-year suspension.
Mining Weekly reports Northam CEO Glyn Lewis says that the JSE-listed platinum-group-metals (PGM) producer is taking the step to provide its “growing” US shareholder base with a more visible profile. Recent corporate developments have resulted in improved liquidity in the Northam stock, with the free float increasing to 64%.
The company controls its PGM stream from mine to market, and has a total resource base of 110-million ounces of 3PGE plus gold, which it holds this through its long-standing wholly owned Zondereinde platinum mine, and the large Booysendal project.
