Strategy and growth
Anglo Platinum’s strategy is to develop the market for PGMs, expand production into that growth opportunity and conduct its business safely, cost effectively and competitively.
Growing demand is achieved by substantial investment in research and development into new uses for PGMs, through partners and customers including Johnson Matthey plc (Anglo Platinum has a 17.5% stake in Johnson Matthey Fuel Cells Limited), and global development campaigns for jewellery through the Platinum Guild International. These investments enable Anglo Platinum to meet its objective of growing the market.
“Anglo Platinum’s strategy is to develop the market for PGMs, expand production into that growth opportunity and conduct its business safely, cost effectively and competitively”
In order to meet increased demand, Anglo Platinum is targeting expanding production at an average compound growth rate of 5% per annum. Expansion will come from the development of Anglo Platinum’s own extensive resources as well as those where Anglo Platinum is in joint venture partnerships. This growth profile requires projects that will create additional new production as well as maintain existing production levels owing to reserve depletion from current mining activities.
Anglo Platinum’s announced expansion programme and ore replacement projects underpin a sustained high level of exploration activities. Exploration is mainly directed at accumulating geological data in areas where PGM orebodies are known to occur and is thus primarily focused on quantifying ore reserves and mineral resources in the Bushveld Complex.
Anglo Platinum is involved in developing mining activity for PGMs on the Great Dyke of Zimbabwe. The Great Dyke is the second largest known repository of platinum after the Bushveld Complex. Development and exploration work is focused on new projects in the area, including the Unki mine, as well as establishing extensions to the resource base for future projects. In addition, Anglo Platinum is involved in exploration activities in Canada, Russia, Brazil and China.