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United States

Anglo American Platinum Ltd (AMSJ.J)

AMSJ.J on Johannesburg Stock Exchange

29,569.06ZAc
23 Mar 2017
Change (% chg)

-223.94 (-0.75%)
Prev Close
29,793.00
Open
29,518.00
Day's High
30,197.00
Day's Low
28,490.00
Volume
229,674
Avg. Vol
374,276
52-wk High
48,780.00
52-wk Low
25,001.00

Latest Key Developments (Source: Significant Developments)

Amplats to sell its interests in Union Mine JV, Masa Chrome to Siyanda Resources
Wednesday, 15 Feb 2017 02:20am EST 

Anglo American Platinum Limited : Anglo American Plat announces sale of its interests in union mine joint venture & Masa Chrome to Siyanda Resources . Announces sale of its interests in union mine joint venture and Masa Chrome to Siyanda resources . Transaction consideration comprises an initial disposal consideration of R400 million, payable in cash . Deferred consideration has a cap of R6 billion . Maximum transaction consideration receivable by company is therefore R6.4 billion . Anglo American Platinum will retain Mortimer smelter operation . Siyanda will sell concentrate produced by Union Mine to Anglo American Platinum for a period of seven years . Charge payable by Siyanda under toll treatment arrangement will reflect smelting and refining costs . Transaction is expected to complete during second half of 2017 .Anglo American Platinum intends to use transaction consideration proceeds to reduce debt.  Full Article

Amplats estimates full-year HEPS of 625-760 c/shr
Monday, 6 Feb 2017 05:56am EST 

Anglo American Platinum Ltd : Updated trading statement for the twelve months ended Dec. 31, 2016 . HEPS for period is likely to increase to between 625 and 760 cents per share . Headline earnings is likely to increase to between R1.64 billion and R2.00 billion . Additional impairments in second half of 2016 of R283 million (post tax) . Impairments will impact basic earnings only and will not impact headline earnings .Headline earnings impacted by lower USD metal prices, lower 2016 stock count gain than 2015, offset by a weaker ZAR and cost improvement initiatives.  Full Article

Anglo American Platinum Q4 platinum production rises 2 pct
Thursday, 26 Jan 2017 02:00am EST 

Anglo American Platinum Ltd : Anglo american platinum limited production report for q4 ended 31 december 2016 . Total platinum production (expressed as metal in concentrate) was 2 pct higher than prior year at 610,100 ounces . Q4 production is seasonally lower than Q3 due to impact of public holidays. . Sales volumes of 606,500 ounces were down 2 pct, impacted by waterval smelter run-out which reduced refined platinum available to sell .Total full year refined production impacted by 65,000 platinum ounces.  Full Article

Anglo American Platinum sees FY EPS and HEPS at least 20 pct higher
Thursday, 10 Nov 2016 01:00am EST 

Anglo American Platinum Limited : Jse: Ams - Trading Statement For The Twelve Months Ending 31 December 2016 . Mainly due to benefit of foreign exchange movements as well as cost saving initiatives across company, FY EPS and HEPS will be at least 20 pct higher .Basic earnings and basic earnings per share will also be at least 20 pct (r2.425 billion or 928 cents per share) higher.  Full Article

BRIEF-Amplats says completes sale of Rustenburg ops to Sibanye
Tuesday, 1 Nov 2016 03:05am EDT 

Anglo American Platinum Ltd : Anglo American Platinum completes sale of Rustenburg operations to Sibanye .Upfront disposal proceeds of 1.5 bln rand received in cash will reduce debt , further strengthen Anglo American Platinum's balance sheet.  Full Article

Amplats says completes sale of Rustenburg ops to Sibanye
Tuesday, 1 Nov 2016 03:05am EDT 

Anglo American Platinum Ltd : Anglo American Platinum completes sale of Rustenburg operations to Sibanye .Anglo American Platinum (not Anglo American) - upfront disposal proceeds of 1.5 bln rand received in cash will reduce debt , further strengthen Anglo American Platinum's balance sheet.  Full Article

Amplats says agreed wage deal with South Africa's AMCU union
Friday, 28 Oct 2016 02:30am EDT 

Anglo American Platinum : Anglo American Platinum and AMCU sign wage agreement . Signed a three-year wage agreement with AMCU, retrospectively effective from1 July 2016 . Agreement has been extended to NUM, United Association Of South Africa and non-union affiliated employees . Agreement will result in an increase in labour cost, with a cost-to-company increase of 6.71 pct in year 1 .Agreement will also result in an increase in labour cost, with a cost-to-company increase of 6.56 pct in year two, 6.96 pct in year three, or 6.74 pct on average over 3-yrs.  Full Article

Amplats processing ops exec head named CEO of Anglo's South Africa coal unit
Tuesday, 26 Jul 2016 01:07am EDT 

Anglo American Platinum Ltd : July Ndlovu, executive head of processing operations, has been appointed CEO of Anglo American's South African coal business, with effect September 1 .Will appoint a new executive head of processing operations in due course.  Full Article

Anglo American Platinum says H1 headline earnings 1.04 bln rand
Monday, 25 Jul 2016 02:01am EDT 

Anglo American Platinum Ltd : jse: ams - reviewed condensed consolidated interim financial results for the six months ended 30 june 2016 . Headline earnings 2016: r1.04 billion versus 2015: r2.47 billion . Net debt 2016: r9.92 billion versus 2015: r12.91 billion . Further fully impaired loan to plateau to value of r111 million, which impairment is included in basic and headline earnings. . Identified r1.0 billion of overhead cost savings through reduction of 400 managerial positions . Full r1 billion run rate to be achieved by q4 2016 . Production is likely to be at upper end of our guided range of 2.3 - 2.4 million ounces. . Sees fy capex slightly reduced to r3.5 billion-r4.0 billion excluding capitalised waste stripping for 2016 . Fy refined platinum production 2015: 1.10 moz 2016: 1.01 moz . Has fully impaired its additional equity interest in bokoni holdco by r104 million . Decided not to declare a dividend in h1 2016. . Will continue to monitor capital requirements and to prioritise deleveraging balance sheet before considering future dividends .Sees supply growth limited in near term as industry capex is constrained in current low price environment.  Full Article

Amplats says places Twickenham mine on care and maintenance
Monday, 25 Jul 2016 02:01am EDT 

Anglo American Platinum Ltd : Further 1,000 positions identified to exit union mine. Co embarked on section 189 process in h1 which concluded on 30 june 2016 .Decision was taken to place twickenham on care and maintenance, with 1,000 positions identified to exit the project.  Full Article

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