Tag: Anglo American Platinum
Joining CNBC Africa for a look at the local markets is Sam Mokorosi, CEO Vunani Corporate Finance.
Anglo American Platinum's share price plummeted after the company cut production forecasts due the closure of its key processing plant in South Africa following an explosion. The world’s second largest producer of platinum group metals says it will not be able to honour customer contracts following its Rustenburg shutdown and has declared a force majeure. René Hochreiter, Mining Analyst at Noah Capital Markets.
Platinum mining giant, Anglo American Platinum's share price roared after declaring a giant dividend of R52.60 apiece and recorded soaring profits. With the company’s results on a high the question on everyone’s lips is why would its CEO, Chris Griffith, leave now?
JSE-listed mining companies clear the dust hanging over many African mine dumps .Lonmin, Glencore, Kumba, BHP Billiton, Anglo American Platinum and Anglo American have published details of their managed tailings storage facilities that is where they. This comes as ethical investors with $10.3 trillion in assets under management, sent a letter to 683 listed extractives companies in April. They requested disclosure on every individual tailing facility under these miners’ control, asking for the information to be made public within 45 days. Adam Matthews, Director of Ethics and Engagement at the Church of England Pensions Board joins CNBC Africa more.
Anglo American Platinum handed over 270 hectares of land to the local municipality in Rustenburg. This area is rich in ore and it comes at a time when the nations ruling party attempts to introduce the expropriation of land without compensation law. CNBC Africa reporter Lubabalo Mashiqana has more.
Anglo American Platinum handed over 270 hectares of land to the local municipality in Rustenburg. This area is rich in ore and it comes at a time when the nations ruling party attempts to introduce the expropriation of land without compensation law.
Anglo American Platinum released its year end results revealing a 95 per cent increase in profits higher and a 4 per cent increases production. The platinum industry has been severely affected by the Eskom power cuts which cost the Platinum producer 14000 ounces of lost platinum production. Amplats CEO Chris Griffith spoke to CNBC Africa’s Kopano Gumbi.
The platinum sector and Anglo American Platinum specifically is in a much better position than it was in five or six years ago, CEO Chris Griffith told CNBC Africa’s Fifi Peters at the 25th Investing in African Mining Indaba in Cape Town.
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