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MarketScreener Homepage  >  Equities  >  Johannesburg Stock Exchange  >  Anglo American Platinum Limited    AMS   ZAE000013181

ANGLO AMERICAN PLATINUM LIMITED

(AMS)
  Report
End-of-day quote. End-of-day quote Johannesburg Stock Exchange - 01/18
1524.77 ZAR   +0.49%
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S.Africa' Amplats cuts refined production guidance after closure of processing unit

11/05/2020 | 03:23am EST

JOHANNESBURG, Nov 5 (Reuters) - Anglo American Platinum (Amplats) cut its 2020 refined production and sales guidance on Thursday after closing the Phase B unit of its Anglo Converter Plant (ACP) processing facility due to a series of water leaks.

The Johannesburg-listed miner, one of the world's largest platinum producers, said the closure would result in an increase in work-in-progress inventory until its Phase A unit was operational. It lowered its 2020 refined production and sales guidance to 2.5 million ounces from 3.1-3.3 million ounces.

Amplats said it had put contingency plans in place and would be engaging with customers to minimise disruption to contractual obligations.

The company completed repairs to the Phase B unit in June after a blast earlier in the year shut its processing facilities in Rustenburg, North West Province, and forced the miner to declared force majeure to suppliers of concentrate.

Repairs to the Phase B unit enabled the force majeure to be lifted, while the company completes repairs to the Phase A unit.

"The ACP Phase B unit has been fragile and has unfortunately recently experienced a number of further instances of water leaks," said Amplats CEO Natascha Viljoen.

The platinum miner said it expected the rebuild of the ACP Phase A unit to be completed towards the end of the year.

It said it remained in a net cash position of 28 billion rand at the end of October, with 25 billion rand of committed facilities available. (Reporting by Tanisha Heiberg; Editing by Mark Potter)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ANGLO AMERICAN PLATINUM LIMITED 0.49% 1524.77 End-of-day quote.5.66%
ANGLO AMERICAN PLC -1.83% 2626 Delayed Quote.10.33%
PLATINUM -0.67% 1084.564 Delayed Quote.-0.54%
THE PLATINUM GROUP PUBLIC COMPANY LIMITED 0.78% 2.58 End-of-day quote.4.88%
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Financials
Sales 2020 112 B 7 519 M 7 519 M
Net income 2020 24 206 M 1 619 M 1 619 M
Net cash 2020 17 626 M 1 179 M 1 179 M
P/E ratio 2020 16,6x
Yield 2020 2,69%
Capitalization 393 B 25 866 M 26 273 M
EV / Sales 2020 3,34x
EV / Sales 2021 1,71x
Nbr of Employees 22 601
Free-Float 21,2%
Chart ANGLO AMERICAN PLATINUM LIMITED
Duration : Period :
Anglo American Platinum Limited Technical Analysis Chart | AMS | ZAE000013181 | MarketScreener
Technical analysis trends ANGLO AMERICAN PLATINUM LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 9
Average target price 1 567,89 ZAR
Last Close Price 1 524,77 ZAR
Spread / Highest target 50,8%
Spread / Average Target 2,83%
Spread / Lowest Target -28,5%
EPS Revisions
Managers and Directors
NameTitle
Natascha Viljoen Chief Executive Officer
Norman Bloe Mbazima Chairman
Craig Miller Finance Director & Director
Gordon Smith Executive Head-Technical
Richard Matthew Wingfield Dunne Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
ANGLO AMERICAN PLATINUM LIMITED5.66%25 866
SIBANYE STILLWATER LIMITED3.52%11 956
IMPALA PLATINUM HOLDINGS LIMITED5.53%10 810
ALROSA4.75%10 047
KOREA ZINC COMPANY, LTD.4.11%6 511
PAN AMERICAN SILVER CORP.-12.57%6 194