Viljoen said production at Amplats' biggest mine Mogalakwena had been hit by an 11-week plant breakdown, lower grades and electricity supply disruptions. They are sorted, we’ve seen the production already coming through so we trust that from an operational point of view, we’re well set up for the second half," Viljoen told Reuters. Amplats has maintained its production guidance for 2023 between 3.6 million ounces and 4 million ounces, despite a 13% decline in refined output in the first half. Amplats declared a dividend of 12 rand per share, down from 81 rand per share during the same period last year, returning 3.2 billion rand to shareholders. ($1 = 17.9924 rand)Reporting by Nelson Banya Editing by Bernadette Baum and Louise Heavens and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Source: The North Africa Journal July 24, 2023 17:51 UTC