We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Name | Symbol | Market | Type |
---|---|---|---|
Anglo American PLC (QX) | USOTC:NGLOY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
-0.40 | -2.29% | 17.04 | 17.01 | 17.07 | 17.36 | 16.598 | 17.36 | 580,596 | 21:22:28 |
By Jaime Llinares Taboada
Anglo American Platinum Ltd. on Thursday cut its refined production and sales guidance for 2020 after it decided to close a converter plant unit.
The South African miner, which is majority-owned by Anglo American PLC, said it now expects full-year refined production and sales of platinum group metals at around 2.5 million ounces, down from its previous 3.1 million-3.3 million guidance range.
AA Platinum said that it has discovered further water leaks at its Anglo Converter Plant Phase B, and that the site will now close for a full rebuild in 2021. Rebuild works at the Phase A unit are only expected to complete towards the end of this year.
"As production continues at around 94% of normal production levels, the closure of ACP Phase B unit until ACP Phase A unit is recommissioned will result in an increase in work-in-progress inventory, whose release will commence once the ACP is operational," Chief Executive Natascha Viljoen said.
Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT
(END) Dow Jones Newswires
November 05, 2020 02:49 ET (07:49 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
1 Year Anglo American (QX) Chart |
1 Month Anglo American (QX) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions