Anglo American Platinum Ltd.

Johannesburg South Africa

  (Johannesburg: AMS)

Company Description

Gold may glitter, but some see pizzazz in platinum. Anglo American Platinum, commonly called Amplats, which is roughly three-quarters-owned by natural resources giant Anglo American, is the world's largest miner of platinum group metals, or PGMs, such as platinum, palladium, and rhodium. The company produces around 2.5 million ounces of platinum and more than a million ounces of palladium annually. Its reserves include more than 280 million ounces comprising platinum, palladium, rhodium, and gold (a by-product of PGM mining). PGMs are used in catalytic converters, electronics, fuel cells, industrial processes (as catalysts), and jewelry. Amplats operates all its mines, smelters, and refineries in South Africa.