Top Platinum Miner Says Payouts to Decline as South Africa Power Outages Hit
- Amplats CEO sees ‘softer’ payouts as power cuts curb output
- Sibanye CEO says South African power crunch to hit earnings
Natascha Viljoen
Photographer: Dwayne Senior/BloombergThis article is for subscribers only.
Anglo American Platinum Ltd., the No. 1 platinum miner by value, said investor payouts will drop as worsening power outages in South Africa curb output and push up costs.
“Will our investors continue to get their returns? Yes, they will, but the size of returns will be slightly softer,” Chief Executive Officer Natascha Viljoen said in an interview. “Will it be the returns we had in 2021? probably not.”