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High costs and lower volumes slash Amplats earnings nearly 40%

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The full dividend for 2022 will be about 60% smaller than 2022’s R80bn pay out

Coming off a bumper year in 2021, platinum group metals miner Anglo American Platinum saw its headline earnings drop 38% for the 12 months to end-December.

A slight easing of PGM basket prices, high costs and a 26% drop in sales volumes cut headline earnings to R48bn compared with last year’s R79bn...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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