Anglo American Platinum Maintains 2025 Output Guidance Despite Heavy Rains

Anglo American Platinum, a Johannesburg-listed platinum producer, has confirmed that its annual production guidance remains unchanged despite significant rainfall disrupting operations at the Tumela mine within the Amandelbult Complex. Preliminary assessments indicate that the 2025 metal-in-concentrate production target of 3.0 million to 3.4 million ounces remains unaffected. The Tumela mine accounts for approximately 10% of the group's total monthly output. Operations at the Amandelbult Complex, excluding Tumela, resumed on Monday.

The company reported that severe rainfall, coupled with the overflow of nearby river systems and the collapse of the Bierspruit dam near Swartklip last Thursday, caused water ingress at Tumela mine. While surface flooding temporarily impacted access to the Amandelbult Complex, the main Dishaba mine, the concentrator, and other infrastructure remained largely unaffected. All operations at the Amandelbult Complex were temporarily suspended on Thursday as a precautionary measure.

Anglo American Platinum's stock price was down 1.4% on Monday morning in Johannesburg, trading at ZAR604.23 (approx USD $32.91). Over the past 12 months, the stock has declined by 18%.