Anglo American Platinum Increases 2021 Guidance, Approves Mototolo's Project Extension
10 Dicembre 2021 - 9:15AM
Dow Jones News
By Sabela Ojea
Anglo American Platinum Ltd. said Friday that it has increased
its refined production guidance for 2021, adding that it has
lowered it for 2022 on metal-in-concentrate production and other
costs.
The South African precious-metals miner--which is majority-owned
by Anglo American PLC--added that the board has approved the
Mototolo/Der Brochen life extension project in South Africa, while
adding that its 2021 metal-in-concentrate is likely to be within
guidance.
However, the company also said that its 2022 refined production
has been revised down to between 4.2 million and 4.6 million
platinum group metals ounces, down from guidance of between 5.0
million and 5.1 million ounces for 2021.
Metal-in-concentrate production will remain flat in 2023 and
2024, it added, noting that it will suffer lower refined PGM
production in 2023. Refined production in 2024 should recover to
between 4.1 million PGM ounces and 4.5 million PGM ounces, it
said.
Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix
(END) Dow Jones Newswires
December 10, 2021 03:00 ET (08:00 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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