Tuesday, February 6, 2007

Angloplat's R10bn capex plan

The world's biggest platinum producer, Anglo Platinum Ltd, plans capital expenditure of R10bn for its expansion programme this year, parent Anglo American plc said on Tuesday.

The spending is part of a programme planned to boost Angloplat's annual output from 2.7-2.8 million ounces this year to around 3.3 million ounces by 2010, Phillip Baum, the acting chief executive of Anglo's South African unit, said.

Read more at FIN24.co.za

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