BUSINESS DAY TV: Why Amplats had a much better 2016 than 2015
Chris Griffith is CEO of Anglo American Platinum. BUSINESS DAY TV: Anglo American Platinum had a much better 2016 than the year before, ending the period with positive headline earnings per share of 713c and a considerably lighter debt pile. Joining me now is CEO Chris Griffith. Chris, how much of the improvement was due to operational initiatives and how much [was] due to asset sales and also what you got for your PGM (Platinum Group Metals) prices? CHRIS GRIFFITH: It was a combination of all of those. We had good underlying production performance. Our production performance was up 2% but it was up at our underlying operations, it was up at our JVs, it was up at our non-core assets and the only asset that we actually didn’t have an increase in production was at Rustenburg mine, which was as a result of a number of fatals. So really, good production performance — and a fantastic cost performance. When you see costs run away in the industry, we’ve had input inflation in the platinum ...
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