Bokoni closure contributes to lower Q4 PGMs output at Amplats

Anglo American Platinum (Amplats) produced 1.22-million ounces of platinum group metals (PGMs) in the fourth quarter of 2017, a 4% year-on-year decrease, as a result of the closure of unprofitable ounces at the Bokoni mine and the temporary closure of the Mototolo concentrator. PGM concentrate purchases from associates had decreased by 27% year-on-year as a result of the Bokoni mine having been placed on care and maintenance.