Anglo American Platinum (Amplats) lost 38,000oz of platinum group metals (PGMs) to Eskom-related blackouts during 2019, costing the company more than R742m in lost production that cannot be recovered.

Amplats, the world’s second-largest platinum miner that is 80%-owned by Anglo American, said it had lost production of 18,000oz of PGMs in the first half of the year to blackouts that forced the closure of mines. Amplats lost a further 16,800oz in the second half of the year. Its joint ventures lost 3,200oz...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now