Anglo American Platinum Ltd (OTCPK:ANGPY)
$ 5.75 0.0768 (1.35%) Market Cap: 9.01 Bil Enterprise Value: 8.30 Bil PE Ratio: 14.29 PB Ratio: 1.48 GF Score: 87/100
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Anglo American Platinum Ltd Temporary Shutdown Of The Anglo Converter Plant (ACP) And Declares Force Majeure Call Transcript

Mar 06, 2020 / 11:30AM GMT
Release Date Price: $10.09 (-13.28%)
Operator

Good day, ladies and gentlemen, and welcome to the Anglo American Platinum Investors and Media Call. (Operator Instructions) Please note that this call is being recorded.

I would now like to turn the conference over to Chris Griffith. Please go ahead, sir.

Christopher Ivan Griffith
Anglo American Platinum Limited - CEO & Executive Director

Thanks, Claudia. So thank you for joining me and the Finance Director, Craig Miller; and also our Executive Head of Processing, Gary Humphries, for short -- at short notice for the call. Unfortunately, we had a material event at our Anglo Converter Plant, or as we know, ACP, which will impact our refined production and sales for this year.

As you would have seen in the recently announced SENS and media release that we've announced the temporary shutdown of the ACP, which is an integral part of our processing chain. As we're unable to complete processing our material, this has led us to declare force majeure. There were a series of incidents and extensive attempts of mitigation, which were unsuccessful

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