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Anglo American subsidiary Anglo Platinum restarts operations at ACP

Anglo American Platinum is one of the world's largest platinum companies

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Anglo American Platinum, a subsidiary of Anglo American (LON:AAL) has completed repairs at its Anglo Converter Plant Phase B unit.

This unit and associated downstream processing operations are completing a safe ramp-up and expect to be fully operational from 12 May 2020. Force majeure to suppliers of concentrate will be lifted on that date.

"I am pleased to report that we have safely and successfully completed the repair of the ACP Phase B unit ahead of schedule, enabling the restart of refined production of our platinum group metals and our base metals,” said Anglo American Platinum chief executive Natascha Viljoen.

“We were vigilant in adhering to strict health and safety protocols to keep the repair team safe during the lockdown, whilst ensuring that we were able to implement social distancing and hygiene requirements which form our new way of working during the COVID-19 pandemic.”

With mining activity resuming to varying degrees under the current Level 4 lockdown restrictions, the company is now able to begin processing concentrate and releasing metal from the pipeline.

 

 

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Price: 1811.2 GBX

LSE:AAL
Market: LSE
Market Cap: £24.69 billion
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