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Amplats maintains full-year guidance

18th July 2019

By: Tasneem Bulbulia

Deputy Editor Online

     

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Anglo American Platinum (Amplats) still expects to achieve its full-year metal-in-concentrate production guidance of 4.2-million to 4.5-million platinum group metal (PGM) ounces.

For the second quarter, its PGM output increased by 1% to 1.12-million ounces.

Its own-managed mines’ PGM production decreased by 4% to 633 600 oz, owing to lower production from Mogalakwena and Mototolo.

Joint venture PGM production also decreased by 4% to 228 200 oz, owing to lower volumes from Modikwa, despite a strong performance from Kroondal.

The purchase of PGM concentrate from third parties, however, increased by 22% to 256 900 oz owing to higher volumes received from the Bafokeng Rasimone Platinum Mine and Siyanda Resources.

Refined PGM production, including tolling, increased by 23% to 1.43-million ounces owing to improved processing operational performance and stability at processing assets.

Amplats’ sales of 1.28-million ounces were in line with refined production, but

8% lower year-on-year.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

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