Anglo American Platinum 2020 Production Meets Targets
January 28 2021 - 3:06AM
Dow Jones News
By Jaime Llinares Taboada
Anglo American Platinum Ltd. on Thursday reported 2020
production and sales slightly ahead of expectations, but said
operations are at 90% of normal capacity due to coronavirus
infections among its employees.
The South African miner, which is majority-owned by Anglo
American PLC, reported refined platinum group metals
production--which includes platinum, palladium, rhodium, iridium,
ruthenium and gold--of 2.71 million ounces for 2020. This is down
42% from 2019, but above the guidance range of 2.6 million-2.7
million ounces.
Similarly, sales plunged 38% to 2.89 million ounces but beat the
2.8 million forecast.
Chief Executive Natascha Viljoen said the company is operating
at 90% of its normal production capacity because the second wave of
Covid-19 has led to an increase in employee infections. However she
also said the wave is past its peak and that active cases are
decreasing.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com;
@JaimeLlinaresT
(END) Dow Jones Newswires
January 28, 2021 02:51 ET (07:51 GMT)
Copyright (c) 2021 Dow Jones & Company, Inc.
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