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Northam Platinum Profits R1.0 billion in H1! Northam Platinum has posted results for the first half-year of the 2019 financial year. The strategy which was launched in 2015 with the Zambezi Platinum (RF) Limited Black Economic Empowerment transaction, has for the first time unfolded in the numbers. Normalised headline earnings, the primary measure of performance, amounted to R553 million, or 108.5 cents per share, up by 192.6%. Sales revenues increased by 48.5% to R5.0 billion, mainly on the back of higher volumes and operating profit of R1.0 billion, an all-time record for an interim period. R1.5 billion spent on capital expenditure, mainly in the execution of the group growth strategy. At a presentation to the investment community in Johannesburg, Northam chief executive Paul Dunne commented. He said: “Our growth strategy remains on track, and projects are generally ahead of schedule, 1: good progress is being made at Booysendal South with the successful commissio

Production grew by 5% & Sales volume Falls by 3% YoY at Anglo American Anglo American Platinum announces another strong financial and operational performance for the 12 months for the year 2018. Commenting on the results, Anglo American Platinum CEO Chris Griffith said, “The fact that two of our colleagues died at work in 2018 is deeply tragic and felt by every one of us. Notwithstanding the significant improvement in the number of fatalities and injury rates, these tragic deaths have heightened our resolve and efforts to eliminate fatalities. “Operationally and financially, we had a very strong year. Record production performances from Mogalakwena, Unki and Kroondal saw total platinum group metal (PGM) production increasing by 4%. We increased our free cash flow by 60% and reduced net debt by R4.7 billion turning to a net cash position of R2.9bn at the end of 2018. I am pleased to report that, given this performance and the improving market outlook for PGMs,