Anglo Platinum

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Description:
Anglo Platinum Limited is the world's largest primary producer of platinum, accounting for about 38% of the world's annual. The company, based in South Africa, was previously called "Anglo American Platinum Corporation Limited". Anglo Platinum expects to produce approximately 2.9 million ounces (approx. 82214 kilogram) of refined platinum in 2006.

Most of the group's operations lie to the northwest and northeast of Johannesburg. The majority of the company's operations take place in the Bushveld complex, a large region that contains a range of mineral commodities including chromium, vanadium, titaniferous magnetite and platinum group metals.

History

Anglo Platinum came into being in 1995 when the company Johannesburg Consolidated Investments unbundled. The platinum interests of the company became Amplats, later to be renamed the Anglo Platinum Corporation Limited. Although Anglo American is a major shareholder in Anglo Platinum, the latter is listed as a separate company on the JSE Securities Exchange, and on the London and Brussels Bourses.

Controversy

Anglo Platinum, the world's largest platinum miner and a subsidiary of Anglo American PLC, the world's fifth largest mining corporation, filed SLAPPs (Strategic Lawsuit Against Public Participation) against a South African public interest lawyer Richard Spoor, who represented indigenous communities affected by platinum mining on tribal land. The actions include an application in the High Court for a...
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