Anglo American Platinum’s net cash soars, record earnings, R9.4bn dividend
Monday, February 22, 2021 - 12:17:17 PM
Mining Weekly

The Johannesburg-listed company, headed by CEO Natascha Viljoen, declared a final dividend of 35.35c a share, based on a payout ratio of 40% of headline earnings.

Its net cash position is R18.7-billion and earnings were 39% higher at a record R41.6-billion.

The strong financial performance in the 12 months to December 31 was underpinned by a 71% increase in the platinum basket price of R33 320/oz.

“We are grounded in our purpose to re-imagine mining to improve people’s lives.Delivering on our strategy will create value for our stakeholders and help ensure a safer, cleaner and smarter future. Climate change is rapidly accelerating global decarbonisation efforts,which will increase the long-term demand for our metals.

"We are therefore strongly focused on leveraging our capabilities across our value chain to lead technology deployment and market development for our products. Against this backdrop, our industry leading portfolio provides a strong platform for growth, and we own diverse, low cost and long-life mining and processing assets.

"Our firm commitments to deliver safe, responsible and reliable production,together with building thriving local communities and maintaining a healthy environment,is central to all we do. We will achieve this through our goal of delivering industry leading returns through value-focused capital allocation,” said Viljoen in a release.


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