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S.Africa' Amplats cuts refined production guidance after closure of processing unit

11/05/2020 | 03:14am EST

JOHANNESBURG (Reuters) - Anglo American Platinum (Amplats) on Thursday lowered its 2020 refined production and sales guidance after closing the Phase B unit of its of its Anglo Converter Plant (ACP) processing facility due to a series of water leaks.

The miner said the closure would results in an increase in work-in-progress inventory until its Phase A unit is operational and lowered its 2020 refined production and sales guidance to 2.5 million ounces from between 3.1 to 3.3 ounces.

(Reporting by Tanisha Heiberg; Editing by Edmund Blair)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLATINUM LIMITED 0.77% 1625 End-of-day quote.12.60%
ANGLO AMERICAN PLC -1.41% 2627.5 Delayed Quote.8.37%
THE PLATINUM GROUP PUBLIC COMPANY LIMITED -0.75% 2.64 End-of-day quote.7.32%
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