Am­plats’s full-year pro­duc­tion fig­ures are be­ing main­tained

The Star Early Edition - - COMPANIES - Di­neo Faku

AN­GLO Amer­i­can Plat­inum (Am­plats), the world’s largest plat­inum pro­ducer, yes­ter­day main­tained its full-year pro­duc­tion fig­ures as it posted a 5 per­cent higher in­put for the sec­ond quar­ter.

Am­plats, a sub­sidiary of di­ver­si­fied min­ing giant An­glo Amer­i­can, said yes­ter­day that full-year pro­duc­tion would re­main at be­tween 2.35 mil­lion and 2.4mil­lion plat­inum ounces.

This as sec­ond-quar­ter pro­duc­tion came at 617 000 ounces with strong per­for­mances from the Mo­galak­wena and Aman­del­bult op­er­a­tions, both based in Lim­popo, as well as Zim­babwe’s Unki Mine.

Am­plats said the pro­duc­tion im­prove­ment was higher, de­spite the Twick­en­ham project in Lim­popo be­ing placed on care and main­te­nance in the sec­ond half of last year, re­duc­ing un­prof­itable plat­inum pro­duc­tion by 1 900 ounces.

Pro­duc­tion at the open-pit Mo­galak­wena Mine in­creased by 15 per­cent in the sec­ond quar­ter at 113 900 ounces.

The com­pany said the Mo­galak­wena pro­duc­tion in­creased per­for­mance was due to a strong in­crease in built-up head grade of 7 per­cent, re­sult­ing from min­ing in a par­tic­u­lar high-grade area in line with the mine plan, and a 9 per­cent in­crease in con­cen­tra­tor through­put due to North con­cen­tra­tor plant op­ti­mi­sa­tions, which in­creased the run time.

Si­bonginkosi Nyanga, an an­a­lyst at Mo­men­tum SP Reid said the im­proved pro­duc­tion fig­ures at Mo­galak­wena were a glim­mer of hope in terms of costs. “Mo­galak­wena is a low­cost pro­ducer, and the higher pro­duc­tion means that costs will be im­pacted pos­i­tively.”

Aman­del­bult pro­duc­tion in­creased by 4 per­cent to 110 500 ounces, due to im­proved plant re­cov­er­ies and in­creased through­puts from un­der­ground sources. Pro­duc­tion at Unki was 10 per­cent higher and came in at 19 500 ounces, as con­tin­ued ef­forts in ef­fi­cient min­ing height con­trol have re­duced waste, lead­ing to in­creased grade and higher pro­duc­tion.

How­ever, Union pro­duc­tion came 3 per­cent lower at 39 800 ounces, due to a re­duc­tion in min­ing of Meren­sky ore, which re­duced the over­all grade.

The com­pany in Fe­bru­ary an­nounced that it had sold Union to Siyanda Re­sources, ex­pected to be com­plete by yearend.

PHOTO: SUP­PLIED

Am­plats Buf­falo load­ing sys­tem. Full-year pro­duc­tion would re­main at be­tween 2.35 mil­lion and 2.4 mil­lion plat­inum ounces.

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