World number one platinum miner Anglo American Platinum lowered its full-year production and refined metal output targets because of two mines no longer supplying it metal, and the suspension of the Mototolo joint venture concentrator. Amplats, which is 80% owned by Anglo American, lowered its production forecast by 50,000oz to a range of between 2.3-million and 2.35-million ounces for the year to end-December, because of the removal of 90,000oz of unprofitable production from the now mothballed Bokoni mine it shared with Atlatsa Resources and the suspended Maseve mine. The open cast Mogalakwena mine, the flagship operation in the Amplats stable, would offset the reduced supply with concentrate from third parties.
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.