https://www.miningweekly.com

Amplats lifts FY output guidance on lower Q3 post-strike ramp-up losses

23rd October 2014

By: Creamer Media Reporter

  

Font size: - +

JOHANNESBURG (miningweekly.com) – The post-strike ramp-up in production at Anglo American Platinum’s (Amplats’) Rustenburg, Union and Amandelbult mines was completed a month ahead of schedule, with normal output having resumed by September.

In its third-quarter production report, released on Thursday, the platinum miner noted that ramp-up losses for the three months ended September 30, amounted to 92 000 oz.

This was an improvement on the losses of between 130 000 oz and 150 000 oz it had expected to incur during the quarter, prompting the miner to lift its full-year output guidance to between 1.75-million and 1.8-million ounces, compared with the previously anticipated 1.71-million to 1.73-million ounces.

Lost production for the year-to-date amounted to 532 000 oz, with 424 000 oz attributed to the five-month strike and a further 108 000 oz to the ramp-up to normal production.

Total equivalent refined platinum production for the third quarter, meanwhile, reached 533 000 oz, a 14% drop on the 623 000 oz produced in the third quarter of 2013.

The Rustenburg, Union and Amandelbult mines had produced 192 000 oz in the quarter – down 34% year-on-year.

Production at Mogalakwena rose 5% year-on-year to 87 000 oz, while output at the Unki mine, the Western Limb Tailings Retreatment Plant and the Twickenham project remained flat on that produced in the third quarter of the previous year.

The joint venture and associate production, including mined and bought production, increased 2% year-on-year to 204 000 oz, with Amplats reporting particularly good performances at the Bafokeng Rasimone Platinum Mine and the Bokoni mine.

Meanwhile, Amplats' refined platinum output fell 31% year-on-year to 460 000 oz for the quarter, owing to lower mined supply and the build-up in pipeline inventory.

Refined palladium production fell 14% year-on-year, refined rhodium output was down 43% year-on-year and nickel output fell 6% to 5.2 t in the quarter.

Edited by Chanel de Bruyn
Creamer Media Senior Deputy Editor Online

Comments

Latest News

Resources Watch
Resources Watch
27th March 2024

Showroom

AutoX
AutoX

We are dedicated to business excellence and innovation.

VISIT SHOWROOM 
Weir Minerals Africa and Middle East
Weir Minerals Africa and Middle East

Weir Minerals Europe, Middle East and Africa is a global supplier of excellent minerals solutions, including pumps, valves, hydrocyclones,...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Hyphen, Eva mine, ferrochrome price make headlines
Hyphen, Eva mine, ferrochrome price make headlines
27th March 2024
Resources Watch
Resources Watch
27th March 2024

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







sq:0.087 0.121s - 105pq - 2rq
Subscribe Now