Amplats restructuring could cost SA thousands of mining jobs
The miner is also reviewing contracts with 620 service providers, says Amplats. Anglo American Platinum Limited is a global mining company, which produces platinum group metals (PGMs). The Company is a producer of copper, nickel, platinum group metals, diamonds, through De Beers, and premium quality iron ore and …
Anglo American Platinum Limited (AMS.JO)
Find the latest Anglo American Platinum Limited (AMS.JO) stock quote, history, news and other vital information to help you with your stock trading and investing.
EXCLUSIVE: Amplats' Mogalakwena makes the most of …
A steady focus on optimisation initiatives across the complex has seen Mogalakwena steadily improve its production from 305 000 oz of platinum in 2012 to 496 000 oz in 2018 – or from 721 000 PGM ounces to 1.17 Moz. The 2018 production level alone equates to a 7% increase on the previous 2017 year. TECH NEWS: Amplats …
Amplats Q3 refined PGM output down 9%, maintains …
Amplats, the world's biggest platinum miner by value, produced 909,700 ounces of refined PGMs in the three months to Sept. 30, compared to 994,800 ounces during the same period last year.
Anglo American Platinum
PINK SHEETS(OTC) USD 3.85. We are one of the world's largest mining companies. Our portfolio spans iron ore and manganese, metallurgical and thermal coal, …
Amplats shuts down ACP Phase B for rebuild
Anglo American Platinum (Amplats) will close the Anglo Converter Plant (AP) Phase B unit in Rustenburg, South Africa, and fully rebuild it next year after a series …
AMS Stock Price and Chart — JSE:AMS — …
Our opinion on the current state of AMS Anglo American Platinum (AMS), also known as Amplats, stands as the world's second-largest platinum producer, trailing only Sibanye, and it generates a …
Amplats could cut 3,700 jobs in restructuring as PGM …
Anglo American Platinum (OTCPK:ANGPY) (OTCPK:AGPPF) said Monday it is launching a restructuring that could cut ~3,700 jobs at its South African operations, or 17% of the …
Amplats restructuring may impact 3 700 jobs after 71% y/y …
This comes on the back of a 71% year-on-year decline in Amplats' headline earnings to R14-billion for the 2023 financial year. The proposed restructuring could impact 3 700 jobs, including those ...
Anglo American Platinum Could Cut Around 3,700 Jobs in …
Listen. (1 min) Photo: Waldo Swiegers/Bloomberg News. Anglo American Platinum said it could cut around 3,700 jobs in a restructuring as the precious metals company grapples with lower prices ...
Amplats signs renewable energy offtake agreement with …
Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) has, through its wholly owned Rustenburg Platinum Mines (RPM) subsidiary, entered into a 20-year energy offtake agreement (EOA ...
Amplats sees no immediate rebound in low platinum …
Rhodium, which is extracted from platinum, hit almost $30,000 an ounce in 2021 and palladium soared to more than $3,400 an ounce after Russia's invasion of Ukraine last year. Palladium fell 1.4% ...
Amplats attains IRMA standard for three platinum mines in …
Click Here. Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) has passed the audit for Initiative for Responsible Mining Assurance's (IRMA's) comprehensive mining standard ...
Amplats reports 160% earnings growth in 2021 on strong platinum …
- Anglo American Platinum (Amplats) announced today that its headline earnings in 2021 were R79 billion (~$5.2 billion), an increase of 160% compared to 2020 (R30.3 billion or ~$2 billion). The company also said it delivered a strong recovery at its mining operations, increasing annual metal-in-concentrate production by 13% to 4.3 …
Marikana Platinum Mine, Rustenburg, South Africa
Marikana is located near Rustenburg, about 112km from Johannesburg in South Africa. It is a producer of platinum group minerals (PGMs) and covers an area of 33km2. The mine was commissioned at the end of 2002 with an initial investment of R630m ($61m). Producers. Platinum South Africa (50%) and Anglo American Platinum (50%)
Amplats, the world's largest platinum miner, expects metal …
The platinum miner reported record earnings for 2021 and expects demand to support metal prices in 2022. ... Amplats on Monday released a strong set of annual results when it reported record earnings of R108 billion for the year ended in December 2021 and the company declared dividends of R125 a share, following on the R175 a …
Amplats attains IRMA standard for three platinum …
Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) has passed the audit for Initiative for Responsible Mining Assurance's (IRMA's) …
Amplats restructuring may impact 3 700 jobs after …
Despite the "extensive measures" already taken by platinum group metals (PGMs) miner Anglo American Platinum (Amplats) to ensure its survival, the company …
Amplats attains IRMA standard for three platinum mines in …
The IRMA scoring system recognises four levels of performance: IRMA Transparency, in which a mine is third-party-assessed and publicly shares its scores; IRMA 50, 75 or 100, signifying that a mine ...
NUM opposes Amplats' 'migration' from MHSA to OHSA
The National Union of Mineworkers (NUM) has condemned platinum group metals miner Anglo American Platinum's (Amplats') "migration" from the Mine Health & Safety Act (MHSA) to the ...
Anglo American's platinum arm to cut 3,700 jobs as metal's …
Amplats' struggles will come as another headache for Anglo American, one of the biggest companies on London's FTSE 100, which has lost billions of pounds off its value in recent months.
Amplats to restructure mines potentially affecting 3,700 jobs
ANGLO American Platinum (Amplats) announced a restructuring review across its operating base potentially affecting 3,700 fixed term employees as well as 620 contracting companies.. The move comes amid a 35% decline in average platinum group metal (PGM) prices last year which resulted in a 71% year-on-year fall in headline share …
Amplats could cut 4 000 jobs in SA, Zim operations as lower …
Anglo American Platinum (Amplats) has initiated a process that could result in more than 4 000 job losses across its operations as it is firmly in the grip of biting …
Anglo discusses job cuts at Amplats, Kumba Iron Ore
Bloomberg cited the Congress of South African Trade Unions as saying that Anglo had spoken to one of its members, the National Union of Mineworkers, about job cuts. Potential job cuts would be at its 79%-controlled Anglo American Platinum (Amplats) following a hefty decline in the basket price for PGMs, led by palladium – down about …
Amplats slumps 6% after warning of earnings crash amid …
Shares in Anglo American Platinum fell 6% on Monday morning, after it warned its interim earnings could fall three quarters after hits from lower metal prices, asset maintenance, as well as SA's electricity disruptions. ... Amplats, valued at about R230 billion on the JSE, reported total PGM production of about 2 million ounces in its half …
Sibanye assumes full ownership of Kroondal from Amplats …
Amplats will continue to process the concentrate produced from Kroondal under the pre-existing purchase of concentrate agreement until the delivery of the full 1.35-million ounces of 4E, after ...
Platinum and Palladium Lithium Battery Breakthrough: …
Platinum Group Metals and Amplats have been working on a technology harnessing platinum and palladium to enhance the efficiency of lithium-ion batteries. …
Platinum is produced in South Africa by Amplats, Impala Platinum …
Since the identification of economic deposits of platinum in South Africa in 1924 by Hans Merensky, a number of platinum mines have come and gone, and some have merely changed identity. 1-3 South Africa currently has four integrated primary platinum producers, namely Amplats 4,5 (Anglo American Platinum Corporation Ltd, formerly Rustenburg ...
Amplats plans to cut thousands of jobs after profit plunge
Anglo American Platinum (Amplats) AMS plans to cut thousands of jobs at its mines in South Africa, it said on Monday, after profit plunged by 71% last year. The company said it was embarking on a restructuring that could affect about 3,700 jobs at its South African operations, or 17% of the Anglo American AAL unit's workforce, as it …
Amplats to restructure mines potentially affecting 3,700 jobs
David McKay. - February 19, 2024. ANGLO American Platinum (Amplats) announced a restructuring review across its operating base potentially affecting 3,700 fixed term …