Anglo American Platinum Limited (JSE: AMS) is the world's largest primary producer of platinum, accounting for about 38% of the world's annual supply. Based in South Africa, most of the group's operations lie to the northwest and northeast of Johannesburg. A majority of the company's operations take place in the Bushveld Igneous Complex, a large region that contains a range of mineral commodities including chromium, vanadium, titaniferous magnetite and platinum group metals. In 1995, the company Johannesburg Consolidated Investments unbundled. Its platinum interests became Amplats, later renamed Anglo American Platinum. Anglo American is the company's majority shareholder. On 5 October 2012, Anglo American Platinum made 12,967 striking South African miners redundant. In July 2014, Amplats announced it would sell many of its South African mines following the negative effect of five months' worth of strikes on the firm's hopes of becoming profitable. More information...
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