Northam Platinum to Raise $103 Million
Northam Platinum Ltd. (NHM), operator of the world’s deepest platinum mine, will raise 1 billion rand ($103 million) from selling shares and bank loans as it seeks to offset strike action and repair equipment.
The company, which posted a 70 percent rise in annual profit last month, said it has fully drawn down its current 1 billion-rand revolving credit facility.
http://www.bloomberg.com/news/2013-09-20/northam-platinum-to-raise-103-million-to-offset-strike.html
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