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Anglo American Platinum Ltd (AMSJ.J)

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Latest Key Developments (Source: Significant Developments)

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

Anglo American Platinum posts H1 headline earnings of 747 mln rand
Monday, 24 Jul 2017 02:22am EDT 

July 24 (Reuters) - ANGLO AMERICAN PLATINUM LTD ::H1 NET SALES REVENUE OF 27.31 BILLION RAND VERSUS 30.66 BILLION RAND YEAR AGO.PRODUCTION IS ON TRACK TO MEET YEAR END GUIDANCE OF 2.35 TO 2.40 MILLION PLATINUM OUNCES."EXPECTED THAT BOKONI WILL BE PLACED ON CARE AND MAINTENANCE".H1 HEADLINE EARNINGS OF 747 MILLION RAND VERSUS 1.65 BILLION RAND YEAR AGO."AMPLATS EXPECTS TO INCUR OVERALL ATTRIBUTABLE, POST-TAX LOSS OF BETWEEN R1.5 BILLION AND R1.9 BILLION ON DISPOSAL OF UNION MINE".HY PRODUCTION FROM MOGALAKWENA INCREASED 9 PCT TO 225,800 OUNCES.H1 DILUTED LOSS PER ORDINARY SHARE OF 452 CENTS.HY PLATINUM SALES VOLUMES DECREASED BY 8 PCT TO 1,119,300 PLATINUM OUNCES (H1 2016: 1,221,200 OUNCES).ANGLO AMERICAN PLATINUM LTD - CAPITAL EXPENDITURE GUIDANCE FOR YEAR REMAINS BETWEEN R3.7 BILLION TO R4.2 BILLION.NET DEBT AT 30 JUNE 2017 DECREASED TO R5.9 BILLION FROM R7.3 BILLION AT 31 DECEMBER 2016.SAYS BOARD HAS DECIDED NOT TO DECLARE A DIVIDEND IN H1 2017.ANGLO AMERICAN PLATINUM- DISPOSAL PROCESSES FOR EXIT OF UNION,PANDORA,LONG-DATED AMANDELBULT RESOURCES TO CONTINUE, EXPECTED TO BE COMPLETED IN H2 2017.HY UNIT COST OF PRODUCTION WAS UP 3% VERSUS H1 2016, REMAINING BELOW GUIDANCE AT R19,970 PER PLATINUM OUNCE.  Full Article

Anglo American Platinum sees HY HEPS to decrease to between 67-47 pct
Tuesday, 18 Jul 2017 03:15am EDT 

July 18 (Reuters) - Anglo American Platinum Ltd ::For six months to June 30, HEPS are likely to decrease to between 67-47 percent to come between 210-335 cents per share.HY basic earnings and EPS for period are likely to decrease to between loss of 405 cents and loss of 520 cents per share, 169 percent and 188 percent lower than prior year.  Full Article

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Exclusive: Amplats reaches deal with South African tribal leader in community fund row

JOHANNESBURG A South African tribal leader has agreed to a more transparent structure for a 175 million rand ($14 million) community trust funded by Anglo American Platinum (Amplats), a move that aims to curb unrest around the firm's most profitable mine.