Latest news with #AngloAmericanPlatinumLtd
Yahoo
17-02-2025
- Business
- Yahoo
Anglo Platinum Declares Additional Dividend of $856 Million
(Bloomberg) -- Anglo American Platinum Ltd. declared an additional cash payout of 15.7 billion rand ($856 million) ahead of an exit by parent Anglo American Plc. Progressive Portland Plots a Comeback Why American Mobility Ground to a Halt A Filmmaker's Surreal Journey Into His Own Private Winnipeg How to Build a Neurodiverse City SpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in May The extra payout brings the total dividend for 2024 to 71.75 rand a share, Johannesburg-listed Amplats said in a statement on Monday. Anglo American announced plans to exit its controlling stake in Johannesburg-listed Amplats last May. It's part of a wider restructuring program that was unveiled in response to an unsolicited $49 billion takeover proposal by BHP Group. Anglo has since sold part of its stake in Amplats to increase the South African unit's free float ahead of a full exit. The Undocumented Workers Who Helped Build Elon Musk's Texas Gigafactory The Unicorn Boom Is Over, and Startups Are Getting Desperate Japan Perfected 7-Eleven. Why Can't the US Get It Right? The NBA Has Fallen Into an Efficiency Trap How Silicon Valley Swung From Obama to Trump ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
17-02-2025
- Business
- Bloomberg
Anglo Platinum Declares Additional Dividend of $856 Million
Anglo American Platinum Ltd. declared an additional cash payout of 15.7 billion rand ($856 million) ahead of an exit by parent Anglo American Plc. The extra payout brings the total dividend for 2024 to 71.75 rand a share, Johannesburg-listed Amplats said in a statement on Monday.
Yahoo
11-02-2025
- Business
- Yahoo
Anglo Platinum Says Profit Fell by Up to 52% on Lower Prices
(Bloomberg) -- Anglo American Platinum Ltd. said profit last year fell by as much as 52% after the price of palladium and rhodium slumped. Citadel to Leave Namesake Chicago Tower as Employees Relocate State Farm Seeks Emergency California Rate Hike After Fires Transportation Memos Favor Places With Higher Birth and Marriage Rates San Francisco Wants Wealthy Donors to Help Fix Fentanyl Crisis NY Transit Advocate Says Billions in Tax Hikes Would Fix MTA Profit in 2024 likely declined to between 6.3 billion rand ($339 million) and 7.6 billion rand, from 13 billion rand the previous year, the Johannesburg-based company said Thursday in a statement. Earnings were also hit by 1.9 billion rand of asset writedowns, mainly relating to the coarse particle recovery technology at its Mogalakwena mine. Anglo American Plc announced plans to exit its controlling stake in Johannesburg-listed Amplats last May. It's part of a wider restructuring program that was unveiled in response to an unsolicited $49 billion takeover proposal by BHP Group. Anglo has since sold part of its stake in Amplats to increase the South African unit's free float ahead of a full exit. Amplats and its peers in South Africa – by far the world's largest producer of platinum – have been battling a prolonged period of weak prices that's slashed profits and forced cost-cutting. In the longer term, the firms are focused on finding alternative sources of consumption to replace dwindling demand from the auto sector, which uses PGMs to curb emissions in gasoline and diesel vehicles. Orange Juice Makers Are Desperate for a Comeback Believing in Aliens Derailed This Internet Pioneer's Career. Now He's Facing Prison Inside Elon Musk's Attack on the US Government Amazon and SpaceX Want In on India's Satellite Internet Market Elon Musk Inside the Treasury Department Payment System ©2025 Bloomberg L.P. Sign in to access your portfolio
Bloomberg
06-02-2025
- Business
- Bloomberg
Anglo Platinum Says Profit Fell by Up to 52% on Lower Prices
By Anglo American Platinum Ltd. said profit last year fell by as much as 52% after the price of palladium and rhodium slumped. Profit in 2024 likely declined to between 6.3 billion rand ($339 million) and 7.6 billion rand, from 13 billion rand the previous year, the Johannesburg-based company said Thursday in a statement. Earnings were also hit by 1.9 billion rand of asset writedowns, mainly relating to the coarse particle recovery technology at its Mogalakwena mine.
