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Anglo American Platinum

  • A nightmare scenario for resources but a 245.65% profit dream for traders
  • In the first three months of the year, we saw a major rally on a number of resource stocks listed on the JSE. Take a look at the chart of the JSE-Resources Top 20 Index to see what I mean…   During the 20% resource rally, we took full advantage and my Red Hot Storm Trader members managed to bank a total gain of 245.65% including a:   • 51.95% gain on Anglo American Plat... ››› more
  • [02 September 2019]
  • About the company: Anglo American Platinum Ltd [JSE:AMS]
  • Anglo American Platinum, known as Amplats, is the world's largest producer of platinum. It is one of the Johannesburg Stock Exchange's top 40 companies… Full name: Anglo American Platinum Limited Short name: Amplats Ticker: AMS Sector: Basic resources – mining Five top facts about Anglo American Platinum Fact #1: Anglo American Platinum employs over 49,700 people. The majority ... ››› more
  • [09 June 2015]
  • Amplats reveals it's not paying a dividend as net debt balloons
  • Earlier today, Anglo American Platinum (Amplats) released a summary of its preliminary results for the year to the end of December. The platinum producer came out bullish about the prospects for the metal, but its accounts showed the strain of last year's five-month strike in the sector. Let's take a closer look at what the results showed… Amplats forecast a rise in demand and the pr... ››› more
  • [09 February 2015]
  • Amplats warns of a drop in earnings of up to 55% after lengthy strike action
  • Earlier today, Anglo American Platinum (Amplats) released a trading update for the full-year to the end of December. The platinum producer warned of a sharp tumble in earnings over the period. This follows a five-month strike that hit its operations last year. Let's take a closer look at what Amplats revealed… Amplats says earnings are to fall between 40% and 55% Amplats [JSE:AMS]... ››› more
  • [23 January 2015]
  • Shares in Amplats tumble over 7% on the back of a warning over earnings
  • Earlier today, Anglo American Platinum (Amplats) released a trading statement covering its full-year to the end of December this year. In the statement, Amplats revealed the company expects earnings for the full-year to drop significantly. This is mostly in part to a five-month strike that hit the platinum producer this year. Let's take a closer look at what Amplats said… Amplats say... ››› more
  • [01 December 2014]
  • Unions criticise Amplats' decision to sell mines
  • Yesterday, along with the release of its results for the six months to the end of June, Anglo American Platinum (Amplats) revealed its plans to sell of a number of its platinum operations. Workers' unions are not happy with the plans as they anticipate massive job cuts. And a labour expert has warned of the repercussions of the move. Let's take a closer look… Amplats’ selling its min... ››› more
  • [22 July 2014]
  • Amplats to sell mines after a five-month strike leads to a 90% drop in earnings
  • Earlier today, Anglo American Platinum (Amplats) released its results covering the six months to the end of June. The five-month long strike took its toll on production, with earnings dropping drastically for the period. Amplats also revealed it plans to sell off some of its operations. Let's take a closer look… Amplats’ headline earnings per share fell almost 90% In its latest six-... ››› more
  • [21 July 2014]
  • Anglo American reports a 40% drop in platinum production
  • The parent company of Anglo American Platinum (Amplats), Anglo American, released its second quarter production report earlier today. Not surprisingly, the diversified miner reported a sharp drop in platinum production. But other resources mined showed strong growth. Let's take a closer look at the report… Anglo American shares dipped on release of the report On release of the report... ››› more
  • [17 July 2014]
  • The biggest value bet in the last decade is about to pay off
  • After five months of strikes, yesterday Amcu signed the new wage agreements with the big platinum mining companies. This deal secured wage rates for the next three years. And right now, this deal will be the catalyst for a massive profit opportunity for value investors. Let me explain. Platinum profits have been hit, but the value is still there Although the strike has ended, a... ››› more
  • [24 June 2014]
  • The strike stricken platinum producers' shares rally as talks get underway
  • This morning, the Association of Mineworkers and Construction Union (AMCU) and the world's top three platinum producers resumed talks to try and bring an end to the near four month long strike. The market took the talks as a hint that the strike could come to an end soon with two of the producers rallying. Let's take a closer look at what's going on… New wage talks began this morning At 1... ››› more
  • [21 May 2014]
  • The platinum sector strike trundles on after the AMCU rejects the latest offer
  • After some glimmers of hope that the platinum sector strike was nearing an end, the Association of Mineworkers and Construction Union (AMCU) has formally rejected the latest offer. The platinum producers affected by the strike announced the news this morning. The strike is now in its fifteenth week. Let's take a closer look at what's going on… The AMCU vows to continue with strike This mor... ››› more
  • [06 May 2014]
  • Anglo American sees production growth in all divisions bar platinum as the strike bites
  • Earlier today, Anglo American released its management statement for its first quarter of the year. The diversified mining group showed production rose in all its divisions, with Anglo American Platinum being the exception. The strike has severely impacted production. Let's take a closer look at what Anglo American revealed… ****************************************************** A proven path ... ››› more
  • [24 April 2014]
  • Is Anglo American trying to get rid of its platinum operations in Rustenburg?
  • As the strike hitting the top three platinum producers is in its twelfth week, reports suggest that Anglo American could be looking to sell its Rustenburg operations. The company has confirmed the operations aren't in a good financial position. Let's take a closer look at what's going on… ****************************************************** A proven path to a lifetime of wealth Most peop... ››› more
  • [14 April 2014]
  • Three platinum miners you can profit from despite the on-going mining strikes
  • If you're one of the investors still holding on to your shares in one of the big three platinum miners I feel for you… AMCU is STILL striking for its massive wage increases at Anglo American Platinum, Lonmin and Impala Platinum… In their latest update CEOs Chris Griffith, Terence Goodlace and Ben Magara said: “The extended strike on the platinum belt is unprecedented, and at a stage wh... ››› more
  • [07 April 2014]
  • Anglo American weighs up its options: Pulling out of platinum is one of them
  • As the strike affecting the South African platinum sector nears ten weeks, the affected producers are considering their options. Earlier today, the CE of Anglo American said it might even consider divesting from the platinum sector in wake of the strikes. Let's take a closer look at what's going on… Anglo American’s CEO says it could divest from platinum The CEO of one of the world’s la... ››› more
  • [02 April 2014]
  • The JSE storms higher as good news abounds
  • The Johannesburg Stock Exchange closed higher today with good news fuelling shares. The local market took positive cues from the chairwoman of the US Federal Reserve's positive indications last night. And better manufacturing data out of China added more confidence. Let's take a closer look at the day on the JSE… Chinese manufacturing data comes out positive China’s data for manufacturing... ››› more
  • [01 April 2014]
  • Talks to end the platinum sector strike are to resume, but are job losses now inevitable?
  • The Council for Conciliation, Mediation and Arbitration (CCMA) said it will resume talks with the Association of Mineworkers and Construction Union (AMCU) today. But with the strike already nine weeks in, the damage to the sector is apparent. The lengthy strike makes it look more likely that the platinum producers will move quickly into automating parts of the mining process, removing the need for... ››› more
  • [26 March 2014]
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