Plunging output knocks the stuffing out of Amplats dividend
The full dividend for 2022 will be about 60% smaller than 2021’s R80bn payout
Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) cut its full-year dividend payout by R50bn after its profit for the 12 months to end-December plunged 38% as high costs and lower volumes ate into the group’s bottom line.
The miner said it will pay out R115 a share, or R30bn to shareholders, from R300, or R80bn, 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.