Anglo Platinum

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Anglo Platinum Limited is the world's largest primary producer of platinum, accounting for about 38% of the world's annual production. The company, based in South Africa, was previously called "Anglo American Platinum Corporation Limited". The company expects to produce approximately 2.9 million ounces 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 chrome, vanadium, titaniferous magnetite and platinum group metals.

[edit] History

Anglo Platinum came into being in 1955 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 Johannesburg Stock Exchange, and on the London and Brussels Bourses.