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Amplats earnings fall on lower grades, higher costs

Anlgo American Platinum (Amplats) reported earnings of 48.8 billion rand for the year ended in December 2022, down by 38% year-on-year.

William Clarke
Amplats earnings fall on lower grades, higher costs

Total platinum group metal (PGM) production fell by 6% to 4Moz in 2022. The drop was the result of lower grades at Mogalakwena, as well as planned infrastructure closures at Amandelbult. This was partially...

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