AngloAmericanPlatinum Anglo American Platinum expects PGM production within guidance in 2022, lowers forecast for 2023 and 2024
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"Despite navigating through several headwinds, we maintained a stable operating environment and expect to close the financial year within guidance, with metal-in-concentrate of around 4.0 million ounces and refined production of around 3.8 million ounces," said CEO Natascha Viljoen. The company explained that in 2023 and 2024, its metal-in-concentrate production will reduce due to lower grade at Mogalakwena, lower volumes from Amandelbult, as well as lower purchase-of-concentrate volumes than previously anticipated.
"We continue to progress the Future of Mogalakwena, with a view that a decision on the third concentrator will be made within 18-24 months to ensure capital efficiency, improve technology deployment, and mitigate supply chain and inflationary pressures to enable the successful execution of a highly value accretive project," CEO Natascha Viljoen added.
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