This was mainly because of a two-month delay in the rebuild
of Amplats' Polokwane smelter owing to delivery of sub-standard
materials, the company said.
(Reporting by Nelson Banya
Editing by David Goodman)
Feb 13 (Reuters) - Anglo American Platinum (Amplats) expects its 2022 annual profit to be down as much as
52%, hit by a decline in sales of platinum group metals (PGM)
after a delayed smelter rebuild, it said on Monday.
The company, which is due to report annual results on Feb.
20, said that headline earnings per share (HEPS) - the main
profit measure in South Africa - are expected to be between
144.31 rand and 201.28 rand, down from 300.42 rand in 2021.
Johannesburg-listed Amplats said PGM sales volumes fell 26%
last year after refined metal output declined by 25% to 3.831,1
million ounces, from a record 5.138,4 million ounces in 2021.
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