Amplats to unlock potential in its mines to hit new PGMs target
Record ebitda and nearly R19bn of net cash positions miner to grow production as much as a fifth by end of the decade
22 February 2021 - 08:57
Anglo American Platinum (Amplats) aims to grow output of platinum group metals (PGMs) by a fifth to 3.6-million ounces in the next nine years by having its mines modernised and mechanised by the end of the decade.
Releasing its full-year results on Monday, Amplats noted that it had posted record earnings before interest, tax, depreciation and amortisation (ebitda) of R41.6bn, a 39% increase over the previous year...
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.