Am­plats

Finweek English Edition - - INVESTMENT -

An­glo Amer­i­can Plat­inum ( Am­plats) is t he world ’s largest pro­ducer of plat­inum group met­als (PGMs) and is 80% owned by An­glo Amer­i­can Plc. Am­plats pro­duces 70% of the world’s plat­inum and holds about 80% of its re­serves. It has the abil­ity to raise cap­i­tal on both the South African and Lon­don cap­i­tal mar­kets through ei­ther the An­glo Amer­i­can or An­glo Plat­inum brands. Be­sides its po­si­tion as the world’s pri­mary pro­ducer of PGMs, Am­plats also sits on the l argest proven plat­inum re­serves of any of its peers – plac­ing the group in a strong po­si­tion to main­tain and even in­crease pro­duc­tion with­out re­quir­ing large cap­i­tal.

On the chart, Am­plats broke out of its four-year bear trend in Septem­ber 2013 and has main­tained a steady up­trend since the begin­ning of the year. But marred by a string of vi­o­lent strikes, and still un­der­go­ing one of its long­est for­ays, Am­plats is trad­ing side­ways within a sym­met­ri­cal tri­an­gle on its weekly chart. About 70 000 Amcu mem­bers downed tools in Jan­uary at mines run by Am­plats, Im­plats and Lon­min to de­mand that their ba­sic wages be more than dou­bled to R12 500 a month. This has hit 40% of global pro­duc­tion of the pre­cious metal used for emis­sions cap­ping cat­alytic con­vert­ers in au­to­mo­biles.

Though the de­mand for plat­inum has dropped, the need for the metal is ubiq­ui­tous. Plat­inum is used to make LCD screens for tele­vi­sions and com-

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