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Anglo American Platinum Ltd (AMSJ.J)

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Latest Key Developments (Source: Significant Developments)

Anglo American Proposes Pwc As External Auditor From 2020
Thursday, 2 May 2019 

May 2 (Reuters) - Anglo American PLC ::ANGLO AMERICAN PROPOSES PWC AS EXTERNAL AUDITOR.ANGLO AMERICAN PROPOSES APPOINTMENT OF PWC AS EXTERNAL AUDITOR FROM 2020.DELOITTE LLP WILL CONTINUE IN ITS ROLE AS EXTERNAL AUDITOR TO ANGLO AMERICAN FOR CURRENT FINANCIAL YEAR ENDING 31 DECEMBER 2019.THERE ARE NO MATTERS IN CONNECTION WITH DELOITTE'S PROSPECTIVE RETIREMENT AS EXTERNAL AUDITOR.  Full Article

Anglo American Qtrly Production Dips 6 Pct
Thursday, 25 Apr 2019 

April 25 (Reuters) - Anglo American Plc ::PRODUCTION IS 6 PCT LOWER IN QUARTER, WITH TWO PLANNED LONGWALL MOVES AT METALLURGICAL COAL ACCOUNTING FOR 80% OF REDUCTION .QTRLY DIAMOND PRODUCTION 7.9 MILLION CARATS VERSUS 8.5 MILLION CARATS AS REPORTED YEAR AGO.QTRLY COPPER PRODUCTION 161 KTONNES VERSUS 155 KTONNES AS REPORTED YEAR AGO.QTRLY PLATINUM PRODUCTION 472 KOZ VERSUS 498 KOZ AS REPORTED YEAR AGO.QTRLY IRON ORE PRODUCTION FROM MINAS-RIO 4.9 MILLION TONNES VERSUS 3 MILLION TONNES AS REPORTED YEAR AGO.QTRLY IRON ORE PRODUCTION FROM KUMBA 9.5 MILLION TONNES VERSUS 10.9 MILLION TONNES AS REPORTED YEAR AGO.QTRLY METALLURGICAL COAL PRODUCTION 4.2 MILLION TONNES VERSUS 5.5 MILLION TONNES AS REPORTED YEAR AGO.DE BEERS FY PRODUCTION GUIDANCE IS UNCHANGED AT 31-33 MILLION CARATS, SUBJECT TO TRADING CONDITIONS.QTRLY THERMAL COAL PRODUCTION 6.6 MILLION TONNES VERSUS 6.8 MILLION TONNES AS REPORTED YEAR AGO.PLATINUM FY PRODUCTION GUIDANCE REMAINS UNCHANGED AT 2.0-2.1 MILLION OUNCES OF PLATINUM AND 1.3-1.4 MILLION OUNCES OF PALLADIUM.QTRLY NICKEL PRODUCTION 9.8 TONNES VERSUS 8.6 KILO TONNES AS REPORTED YEAR AGO.BY END OF QUARTER HAD INCREASED PRODUCTION RUN-RATE, ON TRACK TO DELIVER 2019 PRODUCTION TARGETS AND OUR GUIDANCE IS UNCHANGED- CEO.FY COPPER PRODUCTION GUIDANCE UNCHANGED AT 630,000-660,000 TONNES.SEES FY IRON ORE PRODUCTION GUIDANCE FOR KUMBA IS UNCHANGED AT 43-44 MILLION TONNES.SEES FY IRON ORE PRODUCTION GUIDANCE FOR MINAS-RIO IS UNCHANGED AT 18-20 MILLION TONNES.  Full Article

Anglo American Platinum Sees At Least 20 Pct Rise In FY HEPS
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Anglo American Platinum Ltd ::ANGLO AMERICAN PLATINUM - EXPECTED RISE IN FY HEADLINE EARNINGS IS PRIMARILY DRIVEN BY 13 PERCENT INCREASE IN RAND BASKET PRICE .JSE: AMS - UPDATED TRADING STATEMENT FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2018.ANGLO AMERICAN PLATINUM LTD - FY HEPS EXPECTED TO BE AT LEAST 20% HIGHER THAN FOR COMPARATIVE REPORTING PERIOD.ANGLO AMERICAN PLATINUM LTD - BASIC EARNINGS FOR PERIOD WILL INCLUDE POST-TAX ATTRIBUTABLE NET LOSSES OF R1.5 BILLION.ANGLO AMERICAN PLATINUM LTD - HEADLINE EARNINGS IN PERIOD WILL INCLUDE A POST-TAX ATTRIBUTABLE NET GAIN OF R0.5 BILLION.ANGLO AMERICAN PLATINUM LTD - FY HEPS LIKELY TO INCREASE TO BETWEEN 2,715 CENTS AND 3,010 CENTS PER SHARE.  Full Article

Anglo American Platinum Completes Acquisition Of Mototolo Joint Venture
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Anglo American Platinum Ltd ::ANGLO AMERICAN PLATINUM COMPLETES ACQUISITION OF MOTOTOLO JOINT VENTURE.  Full Article

Anglo American Platinum Appoints Norman Mbazima As Non-Executive Director
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - Anglo American Platinum Ltd ::CHANGES TO THE ANLGO AMERICAN PLATINUM BOARD.APPOINTMENT OF NORMAN MBAZIMA AS NON-EXECUTIVE DIRECTOR OF COMPANY.ANDILE SANGQU, EXECUTIVE HEAD OF AASA, STEPPED DOWN AS NON-EXECUTIVE DIRECTOR WITH IMMEDIATE EFFECT.  Full Article

Royal Bafokeng Platinum Says Uncertainties Over Trade Tariffs In China, U.S Markets May Cloud H2
Monday, 6 Aug 2018 

Aug 6 (Reuters) - Anglo American Platinum Ltd ::PROPOSED ACQUISITION OF AMPLATS 33% INTEREST IN BRPM JV FOR A CONSIDERATION OF R1 863 MLN.HY HLPS AMOUNTED TO 6.0 CENTS (60.8% IMPROVEMENT), COMPARED TO A HLPS OF 15.3 CENTS FOR PREVIOUS CORRESPONDING PERIOD.NET REVENUE IMPROVED BY 4.1% FROM R1 593.9 MLN IN FIRST HALF OF 2017 TO R1 659.6 MLN FOR FIRST HALF OF 2018..UNCERTAINTIES OVER TRADE TARIFFS IN CHINA AND U.S MARKETS MAY CLOUD SECOND HALF OF 2018.TOTAL CAPITAL EXPENDITURE FOR YEAR IS ESTIMATED TO BE BETWEEN R2.9 BLN AND R3.1 BLN.PRODUCTION GUIDANCE FOR FULL YEAR IS UNCHANGED AT 3.35MT TO 3.50MT.4E OUNCE PRODUCTION IS EXPECTED TO BE BETWEEN 370KOZ AND 387KOZ FOR YEAR.VENIZELOS ALFEU, AN EMPLOYEE AT BRPM SOUTH SHAFT, WAS FATALLY INJURED DURING A SCRAPER WINCH ACCIDENT ON 24 JULY 2018.  Full Article

Anglo American Platinum Sees HY HEPS To Be At Least 20 Pct Higher Than Prior Year
Friday, 29 Jun 2018 

June 29 (Reuters) - Anglo American PLC ::HY HEPS WILL BE AT LEAST 20% (R150 MILLION OR 57 CENTS PER SHARE) HIGHER THAN THAT REPORTED FOR LAST YEAR.THERE IS CURRENTLY INSUFFICIENT CERTAINTY TO ENABLE COMPANY TO PROVIDE SPECIFIC GUIDANCE ON ITS EXPECTED HY RESULTS.  Full Article

African Rainbow Minerals Says Bus Transporting Modikwa Platinum Mine Employees Set Alight By Unknown Individuals‍​
Tuesday, 3 Apr 2018 

April 3 (Reuters) - African Rainbow Minerals::ON APRIL 2, BUS TRANSPORTING MODIKWA PLATINUM MINE EMPLOYEES SET ALIGHT BY UNKNOWN INDIVIDUALS‍​.SIX MODIKWA PLATINUM MINE EMPLOYEES DIED, 44 RECEIVING MEDICAL ATTENTION.  Full Article

Anglo American Posts FY Underlying EBITDA Of $‍8.82 Billion
Thursday, 22 Feb 2018 

Feb 22 (Reuters) - Anglo American Plc ::FY UNDERLYING EBITDA $‍8,823​ MILLION VERSUS $6,075 MILLION AS REPORTED YEAR-AGO.‍TOTAL DIVIDEND PAYABLE FOR 2017 OF $1.02 PER SHARE​.‍ACHIEVED COST AND VOLUME IMPROVEMENTS OF $1.1 BILLION - IN EXCESS OF TARGET IN 2017​.‍INCREASED DIVIDEND OF 54 US CENTS PER SHARE FOR SECOND HALF​.EARLY SIGNS ARE THAT GLOBAL CONSUMER DEMAND FOR DIAMOND JEWELLERY REGISTERED POSITIVE GROWTH IN 2017 IN US DOLLAR TERMS.‍TARGETING ADDITIONAL $3-4 BILLION ANNUAL UNDERLYING EBITDA RUN-RATE IMPROVEMENT BY 2022​.SUSTAINED DIAMOND JEWELLERY DEMAND GROWTH IN US WAS ONCE AGAIN MAIN CONTRIBUTOR TO THIS POSITIVE OUTCOME.2017 ‍FREE CASH FLOW INCREASED BY 93% TO $4.9 BILLION, HALVING NET DEBT TO $4.5 BILLION​.IMPROVING GLOBAL MACRO-ECONOMIC CONDITIONS REMAIN SUPPORTIVE OF CONSUMER DEMAND GROWTH FOR POLISHED DIAMONDS IN 2018.2017 ‍CAPITAL EXPENDITURE DECREASED TO $2.2 BILLION (2016: $2.4 BILLION)​.2018 DIAMOND PRODUCTION (ON A 100% BASIS EXCEPT GAHCHO KUÉ ON AN ATTRIBUTABLE 51% BASIS) IS EXPECTED TO BE IN RANGE 34-36 MILLION CARATS.‍IN 2018, EXPECT CAPITAL EXPENDITURE TO INCREASE TO BETWEEN $2.6 AND $2.8 BILLION​.PLATINUM PRODUCTION (METAL IN CONCENTRATE) FOR 2018 IS EXPECTED TO BE 2.3-2.4 MILLION OUNCES.COPPER PRODUCTION GUIDANCE FOR 2018 HAS BEEN TIGHTENED TO 630,000-660,000 TONNES‍​.PALLADIUM PRODUCTION (METAL IN CONCENTRATE) FOR 2018 IS EXPECTED TO BE 1.5-1.6 MILLION OUNCES.  Full Article

Anglo American Platinum Posts FY Headline Earnings ‍3.89 Bln Rand
Monday, 19 Feb 2018 

Feb 19 (Reuters) - Anglo American Platinum Ltd ::‍UNIT COST GUIDANCE IN 2018 WILL BE BETWEEN R19,600 AND R20,200 PER PRODUCED PLATINUM OUNCE ​.FY HEADLINE EARNINGS ‍3,886​ MILLION RAND VERSUS 1,867 MILLION RAND YEAR AGO.‍NO MAJOR PROJECT CAPITAL WILL BE COMMITTED IN 2018​.AS AT DEC 31, 2017 NET DEBT ‍1.8 BILLION​ RAND.‍COMMITTED TO ALLOCATING CAPITAL TO PAYING A SUSTAINABLE DIVIDEND BASED ON A PAY-OUT RATIO OF 30% OF NORMALISED HEADLINE EARNINGS​.‍FOR 2018, PROJECT AND STAY-IN-BUSINESS CAPEX FORECAST BETWEEN R4.7 BILLION AND R5.2 BILLION.‍BOARD HAS DECLARED A FINAL CASH DIVIDEND OF R3.49 PER SHARE​.‍PGM PRODUCTION GUIDANCE (METAL-IN-CONCENTRATE) WILL BE 4.75 - 5.0 MILLION PGM OUNCES FOR 2018​.‍FY PGM PRODUCTION 5.0MOZ VERSUS 4.97 MOZ IN 2016​.REFINED PRODUCTION AND SALES VOLUMES IN 2018 WILL BE IN LINE WITH PRODUCTION, BUT LOWER THAN 2017​.  Full Article

Output at South Africa's Amplats hit by Eskom power cuts

JOHANNESBURG, April 25 South African miner Anglo American Platinum Ltd's (Amplats) first quarter production fell 6 percent, hit by problems at power supplier Eskom, operational challenges and ore stockpiling in the same period the year before.