Latest news with #AngloAmericanPlatinum
Reuters
28-07-2025
- Business
- Reuters
Valterra Platinum's half-year profit plunges 81% on lower sales
July 28 (Reuters) - South Africa's Valterra Platinum (VALJ.J), opens new tab reported an 81% slump in half-year profit on Monday, hit by lower output and costs associated with its demerger from Anglo American Platinum. Valterra's headline earnings were 1.2 billion rand ($67.62 million) in the six months to June 30, down from 6.5 billion rand in the same period last year. The miner said its sales of platinum group metals (PGM) sales decreased by 25% to 1.48 million ounces in the first half, mainly owing to the impact of flooding at its Amandelbult operations after heavy rains in February. Valterra declared an interim dividend of 2 rand per share, down 79% from the payout a year earlier. The world's biggest PGM producer by value demerged in June and is now listed separately in Johannesburg and London while global mining giant Anglo restructures its business to focus on copper. ($1 = 17.7452 rand)
Bloomberg
18-07-2025
- Business
- Bloomberg
Valterra First-Half Profit Slumps On Lower Sales, Demerger Costs
Valterra Platinum Ltd. said first-half profit likely fell as much as 98% due to a drop in sales and costs related to the company's spinoff from Anglo American Plc earlier this year. Earnings declined as sales volumes of platinum-group metals dropped by 25%, the Johannesburg-based company formerly known as Anglo American Platinum said Friday in a statement. The decline was due to lower refined production after significant rainfall and flooding in February disrupted operations.
Wall Street Journal
02-06-2025
- Business
- Wall Street Journal
Anglo American Completes Valterra Platinum Demerger
Valterra Platinum shares will begin trading on the London Stock Exchange via a secondary listing on Monday, Anglo American AAL 0.00%increase; green up pointing triangle confirmed after it completed its demerger. Anglo American began the process of demerging Valterra Platinum, formerly Anglo American Platinum VAL -2.10%decrease; red down pointing triangle, following BHP's $50 billion failed takeover bid last year.
Zawya
23-05-2025
- Business
- Zawya
Anglo American Platinum Chief Executive Officer (CEO) Confirmed to Speak at African Mining Week 2025
Craig Miller, CEO of mining company Anglo American Platinum, has been confirmed to speak at the upcoming African Mining Week 2025 conference. During the event, Miller is expected to shed light on the company's strategy in Africa as well as the continent's pivotal role in strengthening the global PGM supply chain. Miller will speak on a panel titled: South Africa's Strategic Influence in the Global Platinum Group Metals Market. Taking place October 1–3, 2025, in Cape Town, African Mining Week is Africa's premier gathering for mining stakeholders and provides a strategic platform for industry leaders, investors and companies to unlock emerging opportunities across the continent's mining value chain. As the CEO of the world's largest platinum group metals (PGM) producer, Miller is uniquely positioned to discuss the continent's emergence as a global PGM supplier and the impact resource-rich nations such as South Africa will have on future supply chains. African Mining Week serves as a premier platform for exploring the full spectrum of mining opportunities across Africa. The event is held alongside the African Energy Week: Invest in African Energies 2025 conference from October 1-3 in Cape Town. Sponsors, exhibitors and delegates can learn more by contacting sales@ With global demand for PGMs increasing - driven by applications in electric vehicles and clean energy technologies – Anglo American Platinum is positioning itself as an instrumental part of the continent's PGM value chain. The company operates several of South Africa's key PGM producing assets, including the 5.8-million-ounce (oz) Tumela Mine, the 310,000-oz Mogalakwena Mine, the 217,000-oz Kroondal Mine, the 160,000-oz Dishaba Mine, among other projects. In Zimbabwe, the company manages the Unki Platinum Mine, one of the country's largest with an annual production capacity of 64,000 oz. For 2025, the company has set a refined production target of up to 3.4 million oz across its PGM projects, supported by ongoing mine expansions and new investments across its African portfolio. As such, African Mining Week 2025 will serve as a crucial platform for Miller to share insight into the company's investments in Africa and the road ahead for the continent's PGM production. Through his participation, Miller is expected to outline the company's future direction, strategic priorities and ongoing projects, while reinforcing cooperation with African and international partners to enhance operational performance and market access. The South Africa's Strategic Influence in the Global Platinum Group Metals Market session offers a strategic opportunity for conference attendees to gain insight into both the country's PGM market and its future role as a global supplier. Distributed by APO Group on behalf of Energy Capital&Power.
IOL News
20-05-2025
- Business
- IOL News
UPDATE: Former Global Strike Security employees released on R30,000 bail following R6. 3million fraud allegations
Wanda van Zyl, 57, former director of Global Strike Security, appears in court alongside former payroll administrators Ruan van Zyl, 23, and Monidue Nel, 52, who were arrested after for allegedly defrauding Anglo American Platinum of R6.3 million through fraudulent invoices has been released on bail. Three Global Strike Security Company employees arrested for allegedly defrauding Anglo American Platinum of R6.3 million have been granted bail of R30,000 each. Former Director Wanda van Zyl, 57, and two payroll administrators, Monidue Nel, 52, and Ruan van Zyl, 23, were nabbed by the Directorate for Priority Crimes Investigation (known as the Hawks) The trio appeared briefly in the Mahwelereng Magistrate's Court on May 19, facing 26 counts of fraud. 'The accused were granted bail of R30 000 each,' Hawks spokesperson Warrant Officer Lethunya Mmuroa said. The case was postponed to June 13, 2025, for further police investigation. The trio is accused of submitting fraudulent invoices between December 20, 2018, and September 20, 2021. Explaining the case, Mmuroa said the trio allegedly submitted fraudulent invoices and claimed funds to Anglo-American Platinum for security services that were never rendered. Anglo American Platinum reportedly grew suspicious and launched an internal forensic investigation. The investigation uncovered more than 33 fraudulent claims that had already been paid. 'As a result, Anglo-American Platinum suffered a loss of over R6.3 million,' Mmuroa said. The matter was reported to the Mahwelereng police station and later transferred to the Hawks for further investigation. Mmuroa confirmed that four individuals from Global Strike Security were linked to the scheme, three of whom have now been arrested, while the fourth has since died. The case was referred to the National Prosecuting Authority (NPA), which authorised warrants of arrest. The suspects reportedly cooperated and handed themselves over to the Hawks. IOL News
