Amplats annual profit soars despite power cuts
Group says it could not mine R742m worth of PGMs due to blackouts
28 January 2020 - 10:55
Anglo American Platinum, the world’s second-largest source of the metal, said on Tuesday that it expected full-year profits to more than double on improved metal prices and mining performance.
Amplats, which is 80% owned by global diversified miner Anglo American, said a week earlier that due to electricity interruptions from state-owned power monopoly Eskom it was unable to mine R742m worth of platinum group metals (PGMs)...
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