AA Platinum Cuts Guidance Due to Faulty Part for Polokwane Smelter Rebuild
08 Setembro 2022 - 4:46AM
Dow Jones News
By Ian Walker
Anglo American Platinum Ltd. on Thursday cut its full-year
refined production guidance after receiving "sub-standard
materials" for its Polokwane smelter that will delay completion of
the rebuild by two months.
The South African precious metals company--which is majority
owned by Anglo American PLC--said it now expects refined production
for this year to be between 3.7 million and 3.9 million platinum
group metal ounces, down from previous guidance of 4.0 million to
4.4 million PGM ounces.
"As we undergo our first full rebuild of the Polokwane smelter
in twelve years, our quality assurance processes identified a
defective consignment of materials required to complete the
rebuild," Chief Executive Natascha Viljoen said.
"We will not compromise on safety or quality and therefore the
defective materials will not be used, and a new consignment of
materials is expected to be delivered by the end of October. This
has resulted in a two-month delay in recommissioning the Polokwane
Smelter."
Write to Ian Walker at ian.walker@wsj.com
(END) Dow Jones Newswires
September 08, 2022 03:31 ET (07:31 GMT)
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