Marikana is located near Rustenburg, about 112km from Johannesburg in South Africa. It is a producer of platinum group minerals (PGMs) and covers an area of 33km2. The mine was commissioned at the end of 2002 with an initial investment of R630m ($61m). Producers. Platinum South Africa (50%) and Anglo American Platinum (50%)

Find the latest Anglo American Platinum Limited (AMS.JO) stock quote, history, news and other vital information to help you with your stock trading and investing.

Amplats said that, as a result of the Phase B closure, it has reduced its whole-year refined production and sales guidance to 2.5 million PGM ounces from its prior estimate of 3.1-3.3 million PGM oz. It has put contingency plans in place, it added, and will be having discussions with customers to keep contract disruptions to a minimum.

Platinum group metals (PGMs) producer Anglo American Platinum (Amplats) has reported that its metal-in-concentrate, refined production and costs are all expected to be within guidance for 2023 ...

Anglo American Platinum Limited is the world's largest producer of platinum. Gross sales break down by family of products as follows: - rhodium (43.8%): 0.3 million ounces produced; - palladium (26.8%): 1.6 million ounces produced in 2019; - platinum (17.9%): 2.4 million ounces produced;

Platinum Group Metals and Amplats have been working on a technology harnessing platinum and palladium to enhance the efficiency of lithium-ion batteries. …

19 Feb 2024 0. Anglo American Platinum (Amplats) said on Monday that it might cut up to 3,700 employees – 17% of its workforce – after 2023 headline earnings plunged 71% in the face of a 35% ...

Platinum (Pt), Palladium (Pd), Rhodium (Rh) and Ruthenium (Ru) are the most prevalent of the six PGMs, with Iridium (Ir), and Osmium (Os) found in much smaller quantities. Gold …

ANGLO American Platinum (Amplats) announced a restructuring review across its operating base potentially affecting 3,700 fixed term employees as well as 620 contracting companies.. The move comes amid a 35% decline in average platinum group metal (PGM) prices last year which resulted in a 71% year-on-year fall in headline share …

Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) has passed the audit for Initiative for Responsible Mining Assurance's (IRMA's) …

Click Here. Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) has passed the audit for Initiative for Responsible Mining Assurance's (IRMA's) comprehensive mining standard ...

- Anglo American Platinum (Amplats) announced today that its headline earnings in 2021 were R79 billion (~$5.2 billion), an increase of 160% compared to 2020 (R30.3 billion or ~$2 billion). The company also said it delivered a strong recovery at its mining operations, increasing annual metal-in-concentrate production by 13% to 4.3 …

Anglo American Platinum (Amplats) has initiated a process that could result in more than 4 000 job losses across its operations as it is firmly in the grip of biting platinum group metals prices.

Our opinion on the current state of AMS Anglo American Platinum (AMS), also known as Amplats, stands as the world's second-largest platinum producer, trailing only Sibanye, and it generates a …

Anglo American Platinum (OTCPK:ANGPY) (OTCPK:AGPPF) said Monday it is launching a restructuring that could cut ~3,700 jobs at its South African operations, or 17% of the workforce in the Anglo ...

Feb 20 (Reuters) - Shares in Anglo American Platinum (Amplats) (AMSJ.J) fell to their lowest level in more than two years on Monday after the platinum group metals (PGM) miner reported a 38% fall ...

Anglo American Platinum (Amplats) AMS plans to cut thousands of jobs at its mines in South Africa, it said on Monday, after profit plunged by 71% last year. The company said it was embarking on a restructuring that could affect about 3,700 jobs at its South African operations, or 17% of the Anglo American AAL unit's workforce, as it …

This comes on the back of a 71% year-on-year decline in Amplats' headline earnings to R14-billion for the 2023 financial year. The proposed restructuring could impact 3 700 jobs, including those ...

Despite the "extensive measures" already taken by platinum group metals (PGMs) miner Anglo American Platinum (Amplats) to ensure its survival, the company …

A steady focus on optimisation initiatives across the complex has seen Mogalakwena steadily improve its production from 305 000 oz of platinum in 2012 to 496 000 oz in 2018 – or from 721 000 PGM ounces to 1.17 Moz. The 2018 production level alone equates to a 7% increase on the previous 2017 year. TECH NEWS: Amplats …

Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) has, through its wholly owned Rustenburg Platinum Mines (RPM) subsidiary, entered into a 20-year energy offtake agreement (EOA ...

Shares in Anglo American Platinum fell 6% on Monday morning, after it warned its interim earnings could fall three quarters after hits from lower metal prices, asset maintenance, as well as SA's electricity disruptions. ... Amplats, valued at about R230 billion on the JSE, reported total PGM production of about 2 million ounces in its half …

Anglo American Platinum (Amplats) plans to cut thousands of jobs at its mines in South Africa, it said on Monday, after profit plunged by 71% last year. The company said it was embarking on a ...

Anglo American Platinum (OTCPK:ANGPY) (OTCPK:AGPPF) said Monday it is launching a restructuring that could cut ~3,700 jobs at its South African operations, or 17% of the …

The miner is also reviewing contracts with 620 service providers, says Amplats. Anglo American Platinum Limited is a global mining company, which produces platinum group metals (PGMs). The Company is a producer of copper, nickel, platinum group metals, diamonds, through De Beers, and premium quality iron ore and …

Anglo American Platinum (Amplats) has initiated a process that could result in more than 4 000 job losses across its operations as it is firmly in the grip of biting …

Feb 15 (Reuters) - Anglo American Platinum's (Amplats) (AMSJ.J) shares fell more than 5% on Wednesday after the South African miner said its CEO would step down next year to become operations ...

Key statistics. On Tuesday, Anglo American Platinum Ltd (AMS:JNB) closed at 78,494.00, 35.32% above the 52 week low of 58,007.00 set on Sep 08, 2023. Data delayed at least 15 minutes, as of Apr 16 2024. All markets data located on FT is subject to the FT Terms & Conditions.

Amplats' struggles will come as another headache for Anglo American, one of the biggest companies on London's FTSE 100, which has lost billions of pounds off its value in recent months.

Amplats will continue to process the concentrate produced from Kroondal under the pre-existing purchase of concentrate agreement until the delivery of the full 1.35-million ounces of 4E, after ...