Sector: Basic Materials
The company is available at Interactive Brokers
Anglo American Platinum (JSE:AMS) is the world’s leading primary producer of Platinum Group Metals (PGMs). The company provides a complete resource-to-market service, supplying its network of global customers with a range of mined, recycled and traded products. The company's business is at the heart of the broader South African economic and social landscape and it is committed to working towards a safe, sustainable, competitive and profitable business that benefits its country, its communities, its people, and its shareholders.
Anglo American Platinum operates across the entire value chain to produce the complete range of PGMs including platinum, palladium, rhodium, iridium, ruthenium and osmium, with different sites dedicated to each stage.
High profile uses of PGMs include jewellery, auto catalytic converters, fuel cells, air and water purification units, heart pacemakers, computer screens, hard disk and fertilisers. In recent years the high value of PGMs has seen platinum become a prime investment commodity alongside gold.
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Thabi Leoka, the businesswoman accused of lying about her academic qualifications, has quit the board of MTN South Africa.
2024-01-23 07:06 +02:00
Amplats, BMW and Sasol plan to work together to encourage the production and use of hydrogen-powered vehicles.
2023-10-17 07:30 +02:00
Anglo American has unveiled the world’s biggest green-hydrogen powered truck at a platinum mine where it aims to replace a fleet of 40 diesel-fuelled vehicles.
2022-05-06 08:10 +02:00
Anglo American’s plans to target carbon neutrality at its mining operations will bolster South Africa’s renewable electricity output and provide a major boost to private generation.
2022-03-19 12:04 +02:00
South African businesses have had to respond to the coronavirus and lockdown restrictions since March. At the same time, the country’s economy is in crisis. Here’s how companies are coping.
2020-09-18 07:20 +02:00JSE:AGL JSE:AMS JSE:FSR JSE:MTN JSE:SBK JSE:VOD JSE:IMP JSE:SSW JSE:ABG JSE:SHP JSE:NED JSE:PPH JSE:AVI JSE:SPG JSE:MSM JSE:SUI
Anglo American is advancing plans to convert its fleet of giant diesel-fuelled mine trucks to hydrogen power as the company seeks to burnish its green credentials.
2020-07-01 10:21 +02:00
South Africa’s flagging economy could face a second recession is as many years due to a new wave of nationwide power cuts.
2019-12-09 15:15 +02:00
It’s not even the end of the first quarter and already there’s a plethora of once-significant South African companies that have either collapsed or had their share prices hit the wall.
2019-03-13 12:59 +02:00JSE:AGL JSE:AMS JSE:IMP JSE:APN JSE:SNH JSE:JSE JSE:BLU JSE:EOH JSE:TON
South Africa`s Impala Platinum will reduce planned spending across its business to reflect current low metal prices, the company said on Tuesday.
2023-10-31South Africa`s Anglo American Platinum on Tuesday said its refined platinum group metal (PGM) output declined 9% during the third quarter, due to disrupted water supplies to its processing facilities and lower concentrate production.
2023-10-24JOHANNESBURG (Reuters) -Anglo American Platinum`s CEO said he expected the low metal prices companies in South Africa are currently grappling with to persist, and he was aligning the business for the possibility that they would not rise for some time.
2023-10-05Anglo American Platinum`s CEO said he expected the low metal prices companies in South Africa are currently grappling with to persist, and he was aligning the business for the possibility that they would not rise for some time.
2023-10-05
Anglo American Platinum (Amplats) expects half-year profit to slump as much as 75%, hit by weaker metal prices and the impact on production from power shortages in South Africa, the company said on Monday.
2023-07-17
South Africa`s output of platinum group metals (PGM) should rebound in 2024 as the country starts to recover from a power crisis that will cut its production by as much as 20% this year, Neal Froneman, CEO of miner Sibanye Stillwater, said.
2023-06-15
South Africa`s Public Investment Corporation (PIC) will soon announce whether it will back one of the two companies that have vied to acquire platinum group metals (PGM) producer Royal Bafokeng Platinum for over a year, Implats CEO said on Thursday.
2023-03-02
(Reuters) -South Africa`s Public Investment Corporation (PIC) will soon announce whether it will back one of the two companies that have vied to acquire platinum group metals (PGM) producer Royal Bafokeng Platinum for over a year, Implats CEO said on Thursday.
2023-03-02
(Reuters) -Impala Platinum`s shares fell more than 5% on Thursday after the South African miner reported a 2.1% drop in half-year profit, saying power cuts and a furnace rebuild had hit platinum group metal (PGM) production.
2023-03-02
(Reuters) -South Africa`s Impala Platinum reported a 2.1% drop in half-year profit on Thursday as power cuts and a furnace rebuild hit smelter operations, lowering platinum group metal (PGM) production.
2023-03-02(Reuters) -Power cuts could reduce the output of platinum group metals (PGM) in South Africa, the world`s leading supplier of the minerals, by up to 15% this year, diversified miner Sibanye Stillwater said on Tuesday.
2023-02-28
(Reuters) -Anglo American Platinum`s (Amplats) shares fell more than 5% on Wednesday after the South African miner said its CEO would step down next year to become operations chief at U.S.-based gold miner Newmont Corporation.
2023-02-15Anglo American`s CEO on Monday called for a public-private partnership to improve performance at South Africa`s state-owned rail and port firm Transnet, whose failure to meet demand has hampered miners` ability to export their products.
2023-02-06Anglo American Platinum has lost 105,000 ounces in platinum group metals (PGM) production this year, or nearly 3% of its total refined output, due to power cuts in South Africa, chief executive Natascha Viljoen said on Friday.
2022-12-09
Anglo American Platinum shares fell on Monday after the world`s biggest platinum group metal (PGM) miner reported a 43% drop in half-year profit due to weaker metal prices and lower production compared with record sales a year ago.
2022-07-25
South Africa`s Anglo American Platinum on Monday reported a 43% fall in half-year profit due to weaker platinum group metal (PGM) prices and lower volumes compared with record sales a year ago.
2022-07-25
South Africa`s rand edged lower on Thursday, after poor mining and industrial production data dampened investor confidence, and the dollar bounced back ahead of U.S. inflation data.
2022-06-09South Africa`s Anglo American Platinum (Amplats) has received enquiries from manufacturers and carmakers seeking palladium in the wake of Western sanctions on top producer Russia, CEO Natascha Viljoen said on Wednesday.
2022-04-06HARARE (Reuters) -South Africa`s Anglo American Platinum Ltd (Amplats) on Monday reported an 160% jump in full-year profit, driven by higher prices and sales volumes.
2022-02-21South African miner Gold Fields is considering leaving its Johannesburg listing, though a move would not eliminate its share price discount compared to global peers, chief executive Chris Griffith said on Thursday.
2021-08-26JOHANNESBURG (Reuters) -South African miner Kumba Iron Ore reported a nearly three-fold increase in interim earnings on Tuesday and hiked its dividend payout, as higher iron ore prices and increased production boosted profit.
2021-07-27
South Africa`s rand recovered from early losses on Monday, with concerns over rising COVID-19 infections setting a cautious tone in global markets ahead of the U.S. Federal Reserve`s meeting this week.
2021-07-26
JOHANNESBURG (Reuters) -South African miner Anglo American Platinum (Amplats) on Monday posted a near 7-fold increase in half-year earnings and paid a record dividend as higher metals prices and increased output boosted profit, sending its shares higher.
2021-07-26
South Africa`s rand steadied against the dollar in afternoon trade on Wednesday, with market attention pinned on the release of minutes from the U.S. Federal Reserve later in the day.
2021-07-07JSE:AGL JSE:AMS JSE:SSW JSE:SLM JSE:NPH JSE:AVI JSE:JSE JSE:HUG
South African miner Northam Platinum reported a surge in half-year profit on Friday and said it plans to accelerate capital spending to boost output and take advantage of rising metals prices.
2021-03-19
South African miner Northam Platinum reported on Friday a surge in interim profit, driven by higher metals prices, and unveiled plans to accelerate its capital expenditure in the second half of the year.
2021-03-19South Africa`s Anglo American Platinum Ltd (Amplats) on Monday posted a 63% jump in its annual profit, underpinned by higher metal prices and a weaker rand exchange rate.
2021-02-22South African miner Gold Fields Ltd posted a more than four-fold jump in annual earnings on Thursday on the back of higher bullion prices and said it is preparing for substantial capital expenditure in 2021.
2021-02-18
South Africa`s Anglo American Platinum (Amplats) aims to save about 4 billion rand ($211 million) this year through cost cuts and reduced capital expenditure to offset production losses during a nationwide lockdown to fight the coronavirus.
2020-04-23
South African assets recovered on Wednesday after the central bank launched a bond-buying programme, seeking to drum up demand in credit markets as the coronavirus epidemic weighs on the country`s already ailing economy.
2020-03-25
South Africa`s rand weakened on Tuesday as data showed the economy entered its second recession in two years in the final quarter of last year, while stocks edged higher.
2020-03-03
South Africa`s rand firmed on Monday, as China stepped in to shield the world`s second-largest economy from the impact of the coronavirus outbreak, lifting global risk appetite.
2020-02-17
Mines across South Africa shut down on Tuesday after flash flooding triggered the most severe power blackouts in more than a decade, threatening a key export sector in a further blow to the country`s already slowing economy.
2019-12-10JSE:AGL JSE:AMS JSE:S32 JSE:KIO JSE:GFI JSE:IMP JSE:ANG JSE:AVI JSE:MPT
South Africa`s biggest platinum mining union sealed three-year wage hike agreements with Anglo American Platinum, Impala Platinum, and Sibanye-Stillwater on Friday, ending months of negotiation over pay.
2019-11-15
The South African rand inched weaker on Wednesday, backing away from a four-session peak as cautious investors awaited clues on the economy ahead of key manufacturing data and developments in U.S.-China trade talks.
2019-11-06
South African miner Sibanye-Stillwater said on Wednesday it planned to cut around 5,270 jobs, or about 6% of its workforce, as it restructures its loss-making Marikana operations that it acquired this year.
2019-09-25
South Africa`s rand rallied in afternoon trade on Thursday as the European Central Bank`s new stimulus measures and mutual concessions by the United States and China in their trade dispute buoyed risk appetite, while stocks also gained.
2019-09-12
South Africa`s main platinum mining union said it had formally declared that wage talks with Anglo American Platinum (Amplats) and Sibanye-Stillwater were deadlocked, raising the possibility of strike action if the issue cannot be resolved.
2019-09-10Impala Platinum will delay cutting thousands of jobs and closing some capacity at its main South African mine due to operational improvements and higher commodity prices, two sources with direct knowledge of the matter said.
2019-09-04
South Africa`s Association of Mineworkers and Construction Union (AMCU) is disappointed by a wage offer for workers at Lonmin, which was acquired by Sibanye-Stillwater this year.
2019-08-13Anglo American Platinum (Amplats) half-year earnings more than doubled helped by higher metals prices and a stock count adjustment, the South African mining company said on Monday.
2019-07-22Sibanye-Stillwater and Lonmin cleared the final hurdle to forming the world`s second-largest platinum producer as their shareholders approved the South African firm`s 226 million pound ($286 million)takeover of its London-listed rival.
2019-05-28Power imports are cushioning platinum mining companies against Zimbabwe`s worst blackouts in three years, but gold mines could face production cuts as they continue to rely on an unstable national grid, industry officials said.
2019-05-15JSE:AGL JSE:AMS JSE:IMP JSE:THA JSE:MPT JSE:LEW JSE:ARH JSE:ISA
South African miner Anglo American Platinum Ltd`s (Amplats) first quarter production fell 6 percent, hit by problems at power supplier Eskom, operational challenges and ore stockpiling in the same period the year before.
2019-04-25South Africa`s labor court has rejected a request by the Association of Mineworkers and Construction Union (AMCU) to hold an industry-wide strike covering the platinum and gold sectors, Anglogold Ashanti, Anglo American Platinum and Lonmin said on Friday.
2019-03-15Growing unrest at Sibanye-Stillwater`s South African gold operations has left nine people dead since workers downed tools in November, prompting the country`s mines minister to call on the police to step in and protect the local community.
2019-03-05
South Africa`s labour court has ordered a mineworkers` union to suspend its plans for an industry-wide strike from Feb. 28 to March 7 until it issues a ruling on whether to block the action, the union and producer Lonmin said on Thursday.
2019-02-28South African utility Eskom imposed the worst power cuts in several years on homes and businesses last week, conjuring up memories of the 2008 crisis when the grid nearly collapsed and cost the mining industry billions in lost output.
2019-02-18
South Africa`s state pension fund and a local black investment firm have bought a majority stake in Africa`s biggest cattle company for 5.2 billion rand ($360 million).
2018-10-23South Africa`s President Cyril Ramaphosa on Wednesday appointed a judicial inquiry into the 2 trillion rand ($142 billion) state pension fund, a government gazette said, following corruption allegations.
2018-10-17
* Mining laid foundations for Africa`s industrial powerhouse (Adds clarification on mining rights)
2018-09-27
