Anglo American Annual Report 2008
Platinum
Precious: Platinum
Anglo Platinum mines, processes and refines the entire range of platinum group metals (platinum, palladium, rhodium, ruthenium, iridium and osmium) and is the world’s largest primary producer of platinum, accounting for around 39% of global newly mined output.
Anglo Platinum has the largest platinum reserves in the world, as well as extensive resource capabilities and the ability to grow production in line with projected demand for the foreseeable future. All of Anglo Platinum’s current operations are located in South Africa.
Platinum business unit overviewFinancial highlights(1)
| $ million | 12 months 31 Dec 2008 |
12 months 31 Dec 2007 |
|---|---|---|
| Operating profit | 2,226 | 2,697 |
| EBITDA | 2,732 | 3,155 |
| Net operating assets | 9,045 | 9,234 |
| Share of Group operating profit |
22% | 28% |
| Share of Group net operating assets |
27% | 35% |
- (1)
- Share of Group operating profit and share of Group net operating assets for both 2008 and 2007 are based on continuing operations and therefore, in 2007, exclude the contribution of Mondi and AngloGold Ashanti.