Valterra Platinum, formerly Anglo American Platinum, began trading as an independent company on the Johannesburg Stock Exchange on Wednesday, finalizing its separation from parent Anglo American. The debut marks the completion of a major restructuring move by Anglo, which is shifting its focus to copper and iron ore after fending off a $49 billion takeover...
READ MOREAnglo American Platinum recorded a 17% year-on-year decline in platinum group metals (PGMs) production for the first quarter ending 31 March 2025, with output falling to 696,300 ounces compared to 834,000 ounces in Q1 2024. The decrease was primarily due to lower third-party concentrate purchases and operational disruptions caused by heavy rainfall and flooding at...
READ MOREAnglo American Platinum (Amplats) is set to begin operations as a standalone company under the name Valterra Platinum on May 28, following its demerger from parent company Anglo American. The new name, a combination of “Value” and “Terra” (Latin for earth), reflects the company’s focus on maximizing shareholder value and its connection to natural resources....
READ MORESpot rhodium prices have climbed to their highest levels in 20 months, driven by increased buying interest from Anglo American Platinum (Amplats) and tight first-quarter supply from South Africa. Prices have risen 20% this month, breaking above $5,000 per troy ounce before reaching $6,040 on Tuesday—the highest since June 2023—before retreating to $5,640 on Wednesday....
READ MORELocation, structure and geological significance The Amandelbult platinum mine is situated in South Africa’s Limpopo province, within the mineral-rich Bushveld Complex — the world’s largest source of platinum group metals (PGMs). This geological formation is composed of multiple layers rich in platinum, palladium, rhodium, and associated base metals. The mine comprises two main underground sections:...
READ MOREAnglo American Platinum (Amplats) expects headline earnings for the 2024 financial year to decline by as much as 46%, driven by persistently low metals prices and costs related to restructuring and its demerger from parent company Anglo American. The world’s leading producer of platinum group metals (PGMs), which are used to reduce vehicle emissions, anticipates...
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