Anglo American Platinum Limited is the holding company for a group of companies that is listed on the Johannesburg Stock Exchange (JSE) under tikcer AMS, that operate platinum mines.
The graph below shows the latest Anglo American Platinum, Amplats share price (JSE: AMS), which despite undergoing downward pressure over the past couple of years continues to attract plenty of investor interest in South Africa and beyond.
Who Are Anglo American Platinum?
The history of Anglo American Platinum Limited can be traced back to 13 July 1946 when it was founded.
Anglo American Platinum Limited is a member of the Anglo American plc Group and the world’s leading primary producer of platinum group metals with its production accounting for 40% of the world’s newly mined platinum.
Anglo American Platinum Limited has a number of joint ventures with several historically disadvantaged South African consortia as part of its commitment to the transformation of the mining industry.
Anglo American Platinum, headquartered in South Africa, is the world’s leading primary producer of platinum group metals (PGMs). The company operates several mining complexes within the Bushveld Complex, including the Mogalakwena, Amandelbult, and Mototolo mines, as well as the Unki mine in Zimbabwe.
The firm is committed to sustainable and responsible mining practices, focusing on environmental stewardship, community engagement, and the development of innovative technologies to enhance operational efficiency and reduce environmental impact.
Amplats Shares – Recent Performance & Data
Anglo American Platinum (Amplats), headquartered in South Africa, has faced operational challenges in 2024, impacting its production metrics. In the third quarter, the company reported a 10% decrease in total platinum group metals (PGMs) production, totaling 922,300 ounces.
This decline was primarily due to a breakdown at the Mogalakwena North Concentrator’s primary mill and safety stoppages at the Amandelbult mine. Despite these setbacks, Amplats maintained production levels consistent with the second quarter, reflecting the effectiveness of its operational excellence initiatives.
In response to these challenges, Amplats has implemented strategic measures to enhance operational efficiency and cost management. The company has delivered approximately R8 billion of its targeted R10 billion cost and capital reduction program. Additionally, the consultation process for Section 189A restructuring has concluded, with 90% of the exits finalized and the remainder expected to be completed by the end of 2024. These efforts aim to create a more resilient business structure, positioning Amplats to navigate the complexities of the mining industry effectively.
Amplats Stock Chart – 5 Year
Over the past five years, Anglo American Platinum (Amplats) has experienced significant financial fluctuations, with underlying EBITDA peaking at $20.6 billion in 2021 before declining to $10.0 billion in 2023. The company has faced operational challenges, including a $1.6 billion writedown on its Woodsmith fertiliser project in 2024 and reduced diamond production due to market conditions.
Company Essentials
Anglo American Platinum Limited has its headquarters at 55 Marshall Street, P. O. Box 6217, Marshalltown, Johannesburg, 2001, South Africa.
The current CEO of Anglo American Platinum Limited is Craig Miller.
Anglo American Platinum Limited has more than 20,000 employees and currently serves clients in areas including South Africa, but it has exploration partners in Zimbabwe, Brazil, Canada, Russia and China.
How to buy Sasol Shares – Step by Step
The stock market is one of the most attractive financial markets that sees millions of retail investors and traders’ participating daily. To buy, sell or trade Anglo American Platinum Limited stocks on the Johannesburg Stock Exchange (JSE), traders and investors can follow a few simple steps:
- Find the share that you want to buy, in this case, “AMS”.
- Select a broker that offers access to the Johannesburg Stock Exchange (JSE).
- Review the broker’s trading conditions, fees, deposit and withdrawal methods, trading platform, customer support, regulation, and other components to ensure that they are aligned with your trading plan.
- Open a live trading account with the broker by completing the online application form and providing the necessary documentation to verify the trading account.
- You are now ready to make your first share purchase through the broker.
- You can further start to build and diversify your portfolio by buying more shares.
