A global leader in platinum group metals, from resource to market, for a better future for all
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Annual revenue: R52bn ($5.69bn)
Underlying operating profit 2013: $464m
Number of employees: 49,816 of whom 47,032 are permanent employees and 2,784 contractors
Women in mining: 13% female representation
60% of management are historically disadvantaged South Africans, women make up 10.6% of core mining employees
Mine community development spend R204.01m in 2013
Based in South Africa, our Platinum business is the world’s leading major producer of platinum. We produce around 40% of the world’s newly mined production of this precious metal. We mine, process and refine the entire range of platinum group metals (PGMs), which are platinum, palladium, rhodium, ruthenium, iridium and osmium.
Our ultimate goal is to run a safe, sustainable, competitive and profitable business that creates shared value for all stakeholders including everyone we interact with from our employees and the communities in which they live, to the investors that drive our operations.
In South Africa we mine an area known as the Bushveld Complex, which happens to contain around 70% of the world’s known platinum resources. Beyond this, we also mine the Great Dyke in Zimbabwe. With this in mind, access to a huge amount of platinum means that our operations are well placed to be a major PGM producer for many years to come.
Platinum has a total of eight mining operations in the Bushveld Complex, namely Bathopele, Dishaba, Khomanani, Khuseleka, Siphumelele, Thembelami and Tumela mines all underground mines and Mogalakwena which is an open pit mine. The company is also currently developing a Platinum mine in Twickenham.
Elsewhere in the world, Platinum owns Unki Platinum Mine in Zimbabwe and is actively exploring in Brazil. Platinum has a number of strategic joint ventures (JVs) in which it holds significant interests, namely, Bokoni Platinum Mine (49%) a JV with Atlatsa Resources Corporation; Modikwa Platinum Mine (50%), a JV with African Rainbow Minerals Mining Consortium Limited; and the Bafokeng-Rasimone Platinum Mine (BRPM) and the Styldrift project (33%), a JV with Royal Bafokeng Platinum.
In addition, the Company is involved in the following JVs and partnerships: the Bakgatla-Ba-Kgafela where the traditional community holds a 15% share in Union Mine’s north and south mines; the company holds a 42.5% interest in the Pandora JV, with Eastern Platinum Limited a subsidiary of Lonmin plc and its partner Bapo-Ba-Mogale traditional community and Northam Platinum; the Mototolo Platinum Mine (50%) in a partnership with the Glencore Kagiso Tiso Platinum Partnership. Platinum also has a pooling-and-sharing agreement with Aquarius Platinum South Africa, covering the shallow reserves of the Kroondal and Marikana mines that are contiguous with Platinum’s Rustenburg mines.
Operating safely, sustainably and responsibly is a vital part of our business strategy. At Platinum we aim to improve and grow our relationships, and to create a sustainable business, sustainable communities, and sustainable environments in and around our mines. This is how we create shared value for all stakeholders and ensure that mining matters. To find out more about the difference Platinum makes, visit the Safety & sustainable development page of its website.
CEO, Anglo American Platinum
Chris Griffith joined Platinum on 1 September 2012 after four years as CEO of Kumba Iron Ore, where he managed improvements in performance across the business. His time as CEO of Kumba saw the commissioning of the Kolomela Mine, ahead of time, within budget and with a world-class safety performance, as well the successful commissioning and ramp up of the Sishen JIG plant. He has a good understanding of Anglo American’s platinum business, having served for three years as its head of joint venture operations and prior to that as general manager of the Amandelbult Section (now called Tumela and Dishaba mines) and Bafokeng Rasimone platinum mines. Chris holds a B Eng (Mining) Honours from the University of Pretoria.
Platinum’s diverse range of applications make it one of the most valued materials in the world today.
It is widely used in jewellery, due to its purity, resistance to fading and ability to hold jewels securely.
Platinum and other platinum group metals (PGMs) enable catalytic converters to strip pollutants from car exhaust gases, and demand for PGMs from the car industry continues to grow as emissions regulators become ever more stringent.
Platinum has a great range of other uses in the chemical, electrical, medical, glass and petroleum industries. And with rising concern about environment and energy costs, there’s growing interest in platinum fuel cells as an alternative energy source.
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