DEFINING OUR FUTURE
We are focusing on De Beers, PGMs and Copper, and our disposals target for non-core assets in 2016 is $3-4 billion.
We are moving to a materially streamlined core portfolio of 16 assets, including Mogalakwena, Platinum’s top-priority asset and the world’s biggest open pit platinum mine.
In 2015, Mogalakwena commanded the highest rand basket price in Platinum’s portfolio at ZAR32,850 per platinum ounce. It also generated significant operating free cash flow, while keeping cash operating margins at 50%, despite weaker prices.