The shareholders of Anglo American Platinum (Amplats) were advised on Tuesday that the earnings of the platinum group metals (PGMs) mining company for the 12 months to end December are poised to soar, despite the setback of Eskom’s power outages. The big expected earnings increases have been primarily driven, the JSE-listed company says, by a 38% increase in the rand basket price and continued steady operational performance, notwithstanding the outage-induced loss in production of 38 000 oz and deferred refined production of 89 000 oz.
