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Anglo American Platinum Ltd
JSE:AMS

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Anglo American Platinum Ltd
JSE:AMS
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Price: 85 237 Zac -2.59% Market Closed
Market Cap: 223.9B Zac

Anglo American Platinum Ltd
Investor Relations

Anglo American Platinum Ltd., often referred to as Amplats, stands as a giant in the world of precious metals, primarily focused on platinum group metals (PGMs). Founded in Johannesburg and now a key part of the Anglo American plc group, Amplats operates at the heart of South Africa's rich mineral belt. With a robust portfolio of mining operations, including both wholly-owned mines and joint ventures, the company leverages advanced technology and sustainable practices to extract resources with precision and efficiency. These operations are complemented by a comprehensive supply chain that stretches from mine to market, ensuring that the company not only meets global demand but also maintains a strategic position in the global commodities landscape.

At the core of Amplats’ business model is the extraction and processing of PGMs, which include platinum, palladium, and rhodium—elements crucial for industries such as automotive, jewelry, and even green technologies like fuel cells. The company benefits from a complex yet efficient processing infrastructure, including smelting and refining facilities that produce high-purity metals ready for the international market. Revenue streams are largely driven by these high-value outputs, which cater to various industrial applications, from catalytic converters to electronics. Despite the challenges inherent in the mining sector, including fluctuating commodity prices and regulatory landscapes, Amplats consistently strives to optimize production and maintain cost efficiencies, thus fortifying its position as a leader in South Africa’s platinum sector and a significant player on the global stage.

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Last Earnings Call
Fiscal Period
Q2 2023
Call Date
Jul 24, 2023
AI Summary
Q2 2023

EBITDA Drop: EBITDA fell 69% from the first half of 2022 to ZAR13 billion, mainly due to a 29% drop in PGM basket price and lower sales volumes.

Strong Margins & Cash: Despite headwinds, the company maintained an EBITDA mining margin of 42% and ended the period with net cash of ZAR24 billion.

Dividend Maintained: The Board declared an interim dividend of ZAR3 billion (ZAR12 per share), sticking to its policy of paying out 40% of headline earnings.

Production Challenges: PGM metal in concentrate production fell 7% YoY to 1.85 million ounces, hit by lower grades and operational disruptions.

Cost Pressures: Cash cost per PGM ounce rose 13% to ZAR18,076, driven by inflation, lower volumes, and load curtailment, but cost guidance for the year is unchanged.

CapEx Review: CapEx guidance for 2023 was revised lower to about ZAR22 billion and will be continuously reviewed amid price uncertainty.

Operational Resilience: The company successfully limited load curtailment impacts and continued to progress renewable energy projects.

Key Financials
EBITDA
ZAR13 billion
Revenue
ZAR65 billion
EBITDA Mining Margin
42%
Net Cash
ZAR24 billion
Interim Dividend
ZAR3 billion (ZAR12 per share)
PGM Metal in Concentrate Production
1.85 million ounces
Own Refined Production
1.7 million ounces
Return on Capital Employed
30%
Cash Cost per PGM Ounce
ZAR18,076
Capital Expenditure (CapEx)
ZAR8.2 billion (YTD)
Load Curtailment Deferred Ounces
66,400 PGM ounces
Total Recordable Case Frequency Rate
1.58
Earnings Call Recording
Other Earnings Calls
2023

Management

Ms. Sayurie Naidoo
CFO, Controller & Executive Director

Ms. Sayurie Naidoo is the Head of Projects for Processing at Anglo American Platinum Ltd. She has a wealth of experience in the mining industry, particularly in project management and processing operations. Throughout her career, Ms. Naidoo has played a significant role in leading and executing large-scale projects, demonstrating expertise in optimizing processing efficiencies and enhancing productivity. Her leadership skills and technical knowledge contribute greatly to the strategic goals of Anglo American Platinum, positioning the company for continued success in the platinum sector.

Mr. Riaan Blignaut B.E., M.B.A.
Chief Operating Officer

Riaan Blignaut is a prominent executive recognized for his contributions to Anglo American Platinum Ltd. He holds a Bachelor of Engineering (B.E.) degree and a Master of Business Administration (M.B.A.), which have equipped him with a robust foundation in both technical and business aspects. In his career with Anglo American Platinum, a leading mining company known for its platinum, palladium, and other base metals operations, Blignaut has played a significant role in overseeing various strategic and operational initiatives. His expertise spans across project management, operational efficiency, and leadership within the mining industry, enhancing the company's capabilities in addressing both market demands and sustainability goals. His tenure with the company highlights his commitment to driving innovation and ensuring the seamless alignment of business objectives with environmental stewardship.

Mr. Hilton Ingram
Executive Head of Marketing of PGMs & Anglo American Plc

Hilton Ingram is an accomplished executive with a distinguished career at Anglo American Platinum Ltd, one of the leading primary producers of platinum group metals. While specific details about his early career and educational background may not be widely publicized, Ingram has been recognized for his significant contributions to the company's operational and strategic initiatives. He is known for his strong leadership skills and deep expertise in the mining industry, which have been instrumental in driving Anglo American Platinum's growth and success. Throughout his tenure, Ingram has played a key role in overseeing various projects and ensuring the company maintains its position as a global leader in platinum production. His work has had a lasting impact on the organization’s efficiency and sustainability efforts, underlining his reputation as a prominent figure in the mining sector.

Mr. Wade Bickley
Executive Head of Mining & Technical

Mr. Wade Bickley serves as the Executive Head of Operations at Anglo American Platinum Ltd., one of the leading platinum producers in the world. In his role, he is responsible for overseeing the operational aspects of the company's mining activities, ensuring efficient and effective processes conforming to safety and environmental standards. Bickley has an extensive background in the mining sector, with a strong focus on operational leadership and strategic management. His expertise in the industry and his leadership skills contribute significantly to Anglo American Platinum's efforts to maintain productivity while prioritizing sustainable practices within the mining operations.

Mr. Agit Singh
Executive Head of Processing Technical

Agit Singh serves as an executive at Anglo American Platinum Ltd., where he has held various leadership roles. He brings extensive experience in the mining and metallurgical sectors, having contributed significantly to the strategic planning and operational effectiveness of the company. His professional background includes expertise in resource management, process optimization, and sustainability practices within the mining industry. Singh is known for his leadership skills, technical acumen, and commitment to advancing Anglo American Platinum's goals in environmentally responsible and economically viable ways. Please note that specific current details about his role might have evolved.

Mr. Sicelo Ntuli B.Sc., M.B.A.
Executive Head of Safety, Health, Environment, Risk, Energy, Engineering & Maintenance

Sicelo Ntuli is a seasoned business executive known for his extensive experience and leadership in the mining industry. He holds a Bachelor of Science degree, complemented by a Master of Business Administration, which has equipped him with a solid foundation in both the technical and managerial aspects of the mining sector. At Anglo American Platinum Ltd, Mr. Ntuli has played a significant role, leveraging his expertise to drive operational excellence and strategic initiatives. His leadership style is characterized by a focus on sustainability and innovation, aiming to enhance productivity while maintaining rigorous safety and environmental standards. Throughout his career, Sicelo Ntuli has been recognized for his ability to manage complex operations and lead diverse teams towards achieving organizational goals. His contributions to the industry have made him a respected figure in mining, particularly in the context of addressing modern challenges such as resource efficiency and responsible mining practices.

Theto Maake
Head of Investor Relations

Theto Maake is an executive associated with Anglo American Platinum Ltd, a leading global producer of platinum group metals. As of recent records, he holds the position of Executive Head of Technical. In this role, Theto Maake is responsible for overseeing technical operations, which include implementing technical strategies and driving innovation to ensure the company's operational efficiency and sustainability. His leadership involves ensuring that the technical aspects of mining, processing, and production align with the company's overall strategic objectives. Theto Maake's career reflects his expertise in the mining industry and his contribution to advancing the technological capabilities of Anglo American Platinum Ltd.

Mr. Kevin Lester
Head of Legal

Kevin Lester is a seasoned professional known for his role in the mining industry, particularly with Anglo American Platinum Ltd. He has held significant positions within the company, contributing to its operations and strategic direction. As an executive, Lester has been involved in overseeing and managing various aspects of Anglo American Platinum's activities. Throughout his career, Kevin Lester has demonstrated expertise in areas such as operational management, strategic planning, and business development within the mining sector. His leadership has been integral to driving efficiency, safety, and sustainability in the company's operations. His work often focuses on improving production processes, implementing innovative solutions, and ensuring compliance with industry regulations. Lester’s contributions extend to fostering strong relationships with stakeholders and enhancing the company's reputation within the industry. His experience and insights have made him a valuable asset to Anglo American Platinum, guiding the company in navigating the complex dynamics of the global mining landscape. Overall, Kevin Lester's role at Anglo American Platinum has been marked by a commitment to excellence and a drive to further the company's growth and success.

Mr. Henry Zondi
Head of Employee Relations

Henry Zondi is the Executive Head of Processing at Anglo American Platinum Ltd. In his role, he is responsible for overseeing the processing operations, focusing on efficiency, sustainability, and innovation within the company's mineral processing activities. He has a strong background in engineering and mining, with extensive experience in leading teams and optimizing processing methods. Under his leadership, the processing division strives to improve cost-effectiveness and operational excellence while maintaining high safety and environmental standards. Zondi plays a crucial part in helping Anglo American Platinum achieve its strategic goals within the mining industry.

Mr. Ndaba Ndlovu BSc, MBL (Unisa), CSEP, BLP
Head of Protection Services

Ndaba Ndlovu is a seasoned executive with a robust background in the mining industry, particularly with Anglo American Platinum Ltd. He holds a Bachelor of Science degree and a Master of Business Leadership from the University of South Africa (Unisa). Additionally, he has completed a Certificate in Strategy Execution Program (CSEP) and a Business Leadership Program (BLP), which have equipped him with a comprehensive understanding of strategic and operational leadership. Mr. Ndlovu has accumulated extensive experience in various facets of the industry, including operational management, strategic planning, and leadership development. At Anglo American Platinum, one of the world's leading primary producers of platinum group metals, he has been instrumental in driving operational improvements and strategic initiatives that enhance productivity and efficiency while maintaining a strong commitment to sustainable and responsible mining practices. His leadership style is characterized by a focus on innovation, safety, and community engagement, ensuring that the company not only meets its business objectives but also contributes positively to the social and environmental landscape in which it operates. Mr. Ndlovu's expertise and commitment to excellence continue to make him a valuable asset to Anglo American Platinum Ltd and the wider mining sector.

Contacts

Address
Johannesburg
55 Marshall Street, Marshalltown
Contacts