Cash-flush Amplats ups dividend, studies 100 MW solar possibility

The deaths of two mineworkers at the Amandelbult mine marred an outstanding performance by Anglo American Platinum (Amplats), which has paid out a total of R3-billion cash in dividends for the 12 months to end December, recorded record production from the Mogalakwena, Unki and Kroondal mines, generated free cash flow of R5.6-billion, increased capital expenditure (capex) going forward on particularly low-capex fast-return projects, and is studying the possibility of establishing at 100 MW solar power plant in Limpopo. As the best-performing share on the JSE All Share Index in 2018, Amplats delivering a top-rate total shareholder return of 55%.