Anglo 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....
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Spot 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....
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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...
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Anglo 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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