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Anglo American Platinum Ltd (AMSJ.J)

AMSJ.J on Johannesburg Stock Exchange

41,083.00ZAc
17 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Anglo American Platinum Says HY HEPS 1,282 Cents, Revises Up FY Production Outlook
Monday, 23 Jul 2018 

July 23 (Reuters) - Anglo American Platinum Ltd ::HY NET SALES REVENUE OF 33,491 MILLION RAND VERSUS 27,305 MILLION RAND YEAR AGO.FOR FY CAPITAL EXPENDITURE GUIDANCE REMAINING BETWEEN R4.7 BILLION TO R5.2 BILLION.HY HEPS OF 1,282 CENTS.FOR FY UNIT COST IS EXPECTED TO BE INLINE WITH PREVIOUS MARKET GUIDANCE OF R19,600-R20,200 PER PLATINUM OUNCE PRODUCED..BOARD APPROVED A DIVIDEND OF R3.74 PER SHARE ON 19 JULY 2018.PLATINUM MARKET IS LIKELY TO REMAIN IN A SMALL SURPLUS IN NEXT FEW YEARS, WITH SUPPLY OUTWEIGHING DEMAND.FOR HY TOTAL PGM PRODUCTION FROM JOINT VENTURES INCREASED 10% TO 607,200 PGM OUNCES (H1 2017: 550,100 PGM OUNCES).TOTAL PGM PRODUCTION WAS UP 4% TO 2,583,800 OUNCES IN H1 2018.AUTOMOTIVE PLATINUM DEMAND TO REMAIN WEAK, AND NOT EXPECTED TO BE COMPLETELY OFFSET BY RISING INDUSTRIAL DEMAND FOR METAL.H1 2018 PLATINUM PRODUCTION WAS UP 4% TO 1,233,400 OUNCES.H1 2018 PALLADIUM PRODUCTION INCREASED 5% TO 813,200 OUNCES.TOTAL PLATINUM SUPPLY IS EXPECTED TO REMAIN LARGELY UNCHANGED YEAR-ON-YEAR IN 2018.PRIMARY PRODUCTION OF PLATINUM IS FORECAST TO DECLINE MARGINALLY IN 2018 TO 6.05 MILLION OUNCES.PLATINUM DEMAND IS EXPECTED TO FALL SLIGHTLY IN 2018.FY PGM PRODUCTION GUIDANCE (METAL IN CONCENTRATE) WILL BE 4.85 - 5.10 MILLION PGM OUNCES.DUE TO A STRONG OPERATIONAL PERFORMANCE IN H1, CO REVISES UP ITS PRODUCTION OUTLOOK FOR FULL YEAR.  Full Article

Anglo American Platinum Acquires Glencore's 39 Pct Stake In Mototolo Joint Venture
Monday, 23 Jul 2018 

July 23 (Reuters) - Anglo American Platinum Ltd ::ACQUIRES GLENCORE'S 39% INTEREST IN MOTOTOLO JOINT VENTURE.CONSIDERATION FOR TRANSACTION COMPRISES AN UPFRONT CASH PAYMENT, WHICH AT 30 JUNE 2018 IS ESTIMATED TO BE R0.8 BILLION.CONSIDERATION FOR DEAL IS ON A CASH FREE BASIS.WHILE ADDITIONAL CONSIDERATION IS NOT YET DETERMINABLE IT IS ESTIMATED TO BE C.R1 BILLION BASED ON CURRENT SPOT PRICES.  Full Article

SA's National Union of Mineworkers Signs 3-Yr Employee Share Option Scheme Deal With Anglo Platinum Mine
Friday, 20 Jul 2018 

July 20 (Reuters) - South Africa's National Union of Mineworkers (NUM)::SIGNED A THREE YEAR an EMPLOYEE SHARE OPTION SCHEME (ESOP) aGREEMENT WITH ANGLO PLATINUM MINE.AGREEMENT WAS REACHED YESTERDAY, PARTIES AGREED ON A TOTAL QUANTUM OF R24,000.  Full Article

Anglo American Platinum Revises FY Platinum Production Guidance By Up To 4.85-5.10 Mln Ounces
Thursday, 19 Jul 2018 

July 19 (Reuters) - Anglo American PLC ::ANGLO AMERICAN PLATINUM - QTRLY TOTAL PGM PRODUCTION OF 1,294,700 OUNCES, INCLUDING PLATINUM PRODUCTION OF 619,600 OUNCES.ANGLO AMERICAN PLATINUM LTD - FOLLOWING STRONG QUARTER PRODUCTION, FULL YEAR PGM PRODUCTION GUIDANCE HAS BEEN REVISED BY UP TO 4.85-5.10 MILLION OUNCES.ANGLO AMERICAN PLATINUM LTD - Q2 OWN MINED PGM PRODUCTION INCREASED 11% TO 586,300 OUNCES DUE TO CONTINUED EXCEPTIONAL PERFORMANCE FROM MOGALAKWENA.ANGLO AMERICAN PLATINUM LTD - Q2 REFINED PGM PRODUCTION INCREASED MARGINALLY BY 1% TO 1,159,600 OUNCES.ANGLO AMERICAN PLATINUM LTD -Q2 PGM SALES VOLUMES INCREASED 9% TO 1,386,000 OUNCES DUE TO STRONG PRODUCTION.  Full Article

Anglo American Platinum Sees HY HEPS 1,249 Cents - 1,302 Cents Per Share
Monday, 16 Jul 2018 

July 16 (Reuters) - Anglo American Platinum Ltd ::UPDATED TRADING STATEMENT FOR SIX MONTHS ENDED 30 JUNE 2018.HY HEPS LIKELY TO INCREASE TO BETWEEN 1,249 CENTS AND 1,302 CENTS PER SHARE.BASIC EARNINGS IN CURRENT PERIOD IMPACTED BY IMPAIRMENT OF R0.6 BILLION (POST-TAX) RELATING TO DISPOSAL OF 33 PCT HOLDING IN BRPM JV.  Full Article

Wesizwe Platinum Says Indresen Pillay Resigns From Board
Friday, 6 Jul 2018 

July 6 (Reuters) - Wesizwe Platinum Ltd ::DIRECTOR RESIGNATION FROM THE BOARD OF THE COMPANY.INDRESEN PILLAY HAS RESIGNED FROM BOARD OF COMPANY WITH EFFECT FROM 31 JULY 2018.PILLAY RESIGNED BECAUSE HE WILL NO LONGER BE REPRESENTING ANGLO AMERICAN PLATINUM.  Full Article

Anglo American Platinum Accepts Offer From Royal Bafokeng Platinum To Purchase 33 Pct Interest In BRPM JV
Thursday, 5 Jul 2018 

July 5 (Reuters) - Anglo American PLC ::ANGLO AMERICAN PLATINUM ACCEPTS AN OFFER FROM ROYAL BAFOKENG PLATINUM TO PURCHASE ITS 33% INTEREST IN BRPM JV.TOTAL PURCHASE CONSIDERATION OF R1.863 BILLION.UPFRONT PURCHASE CONSIDERATION WILL BE SETTLED ON COMPLETION DATE OF TRANSACTION BY A CASH PAYMENT.DEFERRED CONSIDERATION WILL BE PAID IN THREE EQUAL TRANCHES AFTER 1.5 YEARS, 2.5 YEARS AND 3.5 YEARS FROM COMPLETION DATE.PURCHASE CONSIDERATION WILL BE USED BY ANGLO AMERICAN PLATINUM FOR CAPITAL AT ITS OWN-MANAGED MINES AND PROJECTS.  Full Article

Anglo American Sees Minas-Rio Iron Ore Operation Ramping Up In Q4
Tuesday, 24 Apr 2018 

April 24 (Reuters) - Anglo American Plc ::UPDATE ON INSPECTION OF ITS MINAS- RIO IRON ORE PIPELINE IN BRAZIL, AND EXPECTED TIMELINE FOR OPERATIONS TO RESTART.EXPECTATION IS MINAS-RIO IRON ORE OPERATION WILL BEGIN TO RAMP UP IN Q4 2018, RESULTING IN $300 - 400 MILLION REDUCTION IN CO'S EBITDA FOR 2018.MAJORITY OF MINAS-RIO EMPLOYEES CONTINUE TO BE DEPLOYED ACROSS OPERATIONS IN BRAZIL."CURRENTLY WORKING WITH OUR UNIONS TO AGREE APPROPRIATE TERMS FOR ABOUT 35% OF OUR EMPLOYEES AT MINAS-RIO WHO WILL BE ON AN EXTENDED PERIOD OF LEAVE".  Full Article

Anglo American Platinum Says FY HEPS Will Be At Least 20% Higher
Friday, 15 Dec 2017 

Dec 15 (Reuters) - ANGLO AMERICAN PLATINUM LTD ::‍CURRENTLY INSUFFICIENT CERTAINTY TO ENABLE COMPANY TO PROVIDE SPECIFIC GUIDANCE ON ITS EXPECTED RESULTS​.FY ‍BASIC EARNINGS AND BASIC EARNINGS PER SHARE WILL ALSO BE AT LEAST 20% (R126 MILLION OR 48 CENTS​.HEADLINE EARNINGS AND HEADLINE EARNINGS PER SHARE FOR PERIOD WILL BE AT LEAST 20% HIGHER THAN REPORTED FOR FY2016​.  Full Article

Atlatsa reports per share loss of $0.22 for Q2 2017​
Monday, 16 Oct 2017 

Oct 16 (Reuters) - Atlatsa Resources Corp :Atlatsa announces financial results for the half year ended June 30, 2017 & provides an update on the implementation of the 2017 restructure plan.Basic and diluted loss per share was $0.22 for Q2 2017​.Revenue increased by 12.6 percent quarter-on-quarter to $45.8 million​.Entered into a care and maintenance term loan facility agreement with RPM in an amount of $51.8 million​.Upon implementation of asset disposal all debt incurred during debt standstill period will be written off​.Atlatsa will restructure itself to reduce its corporate head office and associated overhead costs​.RPM to acquire, include resources specified in Atlatsa's Kwanda north, central block prospecting rights​ for $29.8 million in cash.Bokoni mine operations were placed on care and maintenance with effect from October 1, 2017​.Rustenburg platinum mines to suspend servicing, repayment of current, future debt incurred by Atlatsa group, owing to RPM until dec 31, 2019​.During Sept Bokoni mine, together with registered trade unions, NUM, TAWUSA and UASA, concluded facilitated consultation process​.Source text for Eikon: ID:nCNWZ1WLCa.  Full Article