Edition:
United States

Anglo American Platinum Ltd (AMSJ.J)

AMSJ.J on Johannesburg Stock Exchange

31,710.00ZAc
20 Apr 2018
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Latest Key Developments (Source: Significant Developments)

African Rainbow Minerals Says Bus Transporting Modikwa Platinum Mine Employees Set Alight By Unknown Individuals‍​
Tuesday, 3 Apr 2018 06:02am EDT 

April 3 (Reuters) - African Rainbow Minerals::ON APRIL 2, BUS TRANSPORTING MODIKWA PLATINUM MINE EMPLOYEES SET ALIGHT BY UNKNOWN INDIVIDUALS‍​.SIX MODIKWA PLATINUM MINE EMPLOYEES DIED, 44 RECEIVING MEDICAL ATTENTION.  Full Article

Anglo American Posts FY Underlying EBITDA Of $‍8.82 Billion
Thursday, 22 Feb 2018 02:17am EST 

Feb 22 (Reuters) - Anglo American Plc ::FY UNDERLYING EBITDA $‍8,823​ MILLION VERSUS $6,075 MILLION AS REPORTED YEAR-AGO.‍TOTAL DIVIDEND PAYABLE FOR 2017 OF $1.02 PER SHARE​.‍ACHIEVED COST AND VOLUME IMPROVEMENTS OF $1.1 BILLION - IN EXCESS OF TARGET IN 2017​.‍INCREASED DIVIDEND OF 54 US CENTS PER SHARE FOR SECOND HALF​.EARLY SIGNS ARE THAT GLOBAL CONSUMER DEMAND FOR DIAMOND JEWELLERY REGISTERED POSITIVE GROWTH IN 2017 IN US DOLLAR TERMS.‍TARGETING ADDITIONAL $3-4 BILLION ANNUAL UNDERLYING EBITDA RUN-RATE IMPROVEMENT BY 2022​.SUSTAINED DIAMOND JEWELLERY DEMAND GROWTH IN US WAS ONCE AGAIN MAIN CONTRIBUTOR TO THIS POSITIVE OUTCOME.2017 ‍FREE CASH FLOW INCREASED BY 93% TO $4.9 BILLION, HALVING NET DEBT TO $4.5 BILLION​.IMPROVING GLOBAL MACRO-ECONOMIC CONDITIONS REMAIN SUPPORTIVE OF CONSUMER DEMAND GROWTH FOR POLISHED DIAMONDS IN 2018.2017 ‍CAPITAL EXPENDITURE DECREASED TO $2.2 BILLION (2016: $2.4 BILLION)​.2018 DIAMOND PRODUCTION (ON A 100% BASIS EXCEPT GAHCHO KUÉ ON AN ATTRIBUTABLE 51% BASIS) IS EXPECTED TO BE IN RANGE 34-36 MILLION CARATS.‍IN 2018, EXPECT CAPITAL EXPENDITURE TO INCREASE TO BETWEEN $2.6 AND $2.8 BILLION​.PLATINUM PRODUCTION (METAL IN CONCENTRATE) FOR 2018 IS EXPECTED TO BE 2.3-2.4 MILLION OUNCES.COPPER PRODUCTION GUIDANCE FOR 2018 HAS BEEN TIGHTENED TO 630,000-660,000 TONNES‍​.PALLADIUM PRODUCTION (METAL IN CONCENTRATE) FOR 2018 IS EXPECTED TO BE 1.5-1.6 MILLION OUNCES.  Full Article

Anglo American Platinum Posts FY Headline Earnings ‍3.89 Bln Rand
Monday, 19 Feb 2018 01:16am EST 

Feb 19 (Reuters) - Anglo American Platinum Ltd ::‍UNIT COST GUIDANCE IN 2018 WILL BE BETWEEN R19,600 AND R20,200 PER PRODUCED PLATINUM OUNCE ​.FY HEADLINE EARNINGS ‍3,886​ MILLION RAND VERSUS 1,867 MILLION RAND YEAR AGO.‍NO MAJOR PROJECT CAPITAL WILL BE COMMITTED IN 2018​.AS AT DEC 31, 2017 NET DEBT ‍1.8 BILLION​ RAND.‍COMMITTED TO ALLOCATING CAPITAL TO PAYING A SUSTAINABLE DIVIDEND BASED ON A PAY-OUT RATIO OF 30% OF NORMALISED HEADLINE EARNINGS​.‍FOR 2018, PROJECT AND STAY-IN-BUSINESS CAPEX FORECAST BETWEEN R4.7 BILLION AND R5.2 BILLION.‍BOARD HAS DECLARED A FINAL CASH DIVIDEND OF R3.49 PER SHARE​.‍PGM PRODUCTION GUIDANCE (METAL-IN-CONCENTRATE) WILL BE 4.75 - 5.0 MILLION PGM OUNCES FOR 2018​.‍FY PGM PRODUCTION 5.0MOZ VERSUS 4.97 MOZ IN 2016​.REFINED PRODUCTION AND SALES VOLUMES IN 2018 WILL BE IN LINE WITH PRODUCTION, BUT LOWER THAN 2017​.  Full Article

Anglo American Platinum Sees Increase In FY HEPS
Tuesday, 6 Feb 2018 01:00am EST 

Feb 6 (Reuters) - Anglo American Platinum Ltd ::JSE: AMS - UPDATED TRADING STATEMENT FOR THE TWELVE MONTHS ENDED 31 DECEMBER 2017.FY HEPS ARE LIKELY TO INCREASE TO BETWEEN 1,392 CENTS AND 1,526 CENTS PER SHARE​.ANGLO AMERICAN PLATINUM - ‍EXPECTED INCREASE IN FY HEPS DUE TO OPERATIONAL PERFORMANCE, STRICT COST CONTROL AND HIGHER PLATINUM GROUP METAL SALES VOLUMES​.  Full Article

Anglo American Divests New Largo Thermal Coal Project In South Africa
Monday, 29 Jan 2018 02:11am EST 

Jan 29 (Reuters) - Anglo American Plc ::ANGLO AMERICAN SALE OF NEW LARGO THERMAL COAL PROJECT IN SOUTH AFRICA.DEAL ‍CONSIDERATION PAYABLE FOR NEW LARGO IS ZAR850 MILLION​.‍TRANSACTION IS EXPECTED TO CLOSE IN SECOND HALF OF 2018​.  Full Article

Anglo American Platinum Says FY HEPS Will Be At Least 20% Higher
Friday, 15 Dec 2017 01:00am EST 

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 10:00am EDT 

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

Amplats update on Amandelbult Resources sale to Northam
Friday, 25 Aug 2017 02:00am EDT 

Aug 25 (Reuters) - ANGLO AMERICAN PLATINUM ::ANGLO AMERICAN PLATINUM UPDATE ON THE SALE OF LONG-DATED AMANDELBULT RESOURCES TO NORTHAM .NOT YET RECEIVED ITS CONSENT FROM MINISTER OF MINERAL RESOURCES FOR RESOURCE DISPOSAL​.  Full Article

Atlatsa Resources says delay in filing Q2 financial statements
Monday, 14 Aug 2017 11:45am EDT 

Aug 14 (Reuters) - Atlatsa Resources Corp ::Atlatsa Resources Corporation announces delay in filing of Q2 2017 financial statements.At this time it is uncertain as to when company will be able to finalize its financial statements and related disclosures​.Due to financial restructure plan, not in position to file interim financial statements for 3,6 months ended June 30.Due to financial restructure plan with Anglo American Platinum, not in position to file unaudited interim financial statements.  Full Article

Lonmin says continues to be concerned by persistent adverse macroeconomic conditions
Monday, 7 Aug 2017 02:00am EDT 

Aug 7 (Reuters) - Lonmin Plc :CONTINUES TO BE CONCERNED BY PERSISTENT ADVERSE MACROECONOMIC CONDITIONS AND INFLATIONARY COST PRESSURES CONFRONTING PLATINUM MINING IN SOUTH AFRICA.SALE OF EXCESS PROCESSING CAPACITY OF UP TO 500,000 PLATINUM OUNCES PER ANNUM TO MAXIMISE CASH.WILL CONSIDER SELLING FOR CASH OR INTRODUCING JOINT VENTURE PARTNERS INTO LIMPOPO AND AKANANI TOGETHER WITH EXPLORING OPTIONS TO INTRODUCE FUNDING PARTNERS INTO K4."CURRENT CAPITAL POSITION MAKES IT CHALLENGING TO FUND MK2 PROJECT WHICH IS NECESSARY TO EXTEND ROWLAND'S ECONOMIC LIFE"."BELIEVES THAT MK2 PROJECT WILL BE VALUE ACCRETIVE AND COMPANY WILL EXPLORE OPTIONS TO INTRODUCE FUNDING PARTNERS AND PRESERVE APPROXIMATELY FIVE THOUSAND JOBS".REDUCTION IN ANNUAL OVERHEAD COSTS BY A MINIMUM OF ZAR500 MILLION BY END OF YEAR ENDING 30 SEPTEMBER 2018.APPROVAL BY DMR OF S11 APPLICATION TO ACQUIRE PANDORA JV FROM ANGLO PLATINUM WILL DEFER R2.6 BILLION OF CAPITAL EXPENDITURE.  Full Article

Amplats CEO seeks friendlier Zimbabwe mining laws to lift investment

LONDON Zimbabwe must offer foreign miners a consistent legal framework, the right to keep a controlling stake in operations and a greater share of profits to encourage investment, the head of Anglo American Platinum said.