Mogalakwena gushes cash as Amplats modernises, studies growth, advances fuel cell

The Mogalakwena platinum mine lived up to its reputation of being the most profitable platinum group metals (PGM) mine on the planet when it gushed cash and elevated a modernising, community supporting, environment protecting, growth studying and fuel-cell marketing Anglo American Platinum (Amplats) well in the money. The opencast platinum mine on the northern limb of the Bushveld Complex gushed R4-billion worth of free, unfettered operating cash flow, achieving a nigh 50% profit margin on a depressed platinum price of only $950/oz. (Also watch attached Creamer Media video).