Anglo American platinum, diamond production plummets

File: Anglo American is one of the world's largest platinum producers and owns 85 percent of global diamond giant De Beers.

File: Anglo American is one of the world's largest platinum producers and owns 85 percent of global diamond giant De Beers.

eNCA

JOHANNESBURG - Mining giant Anglo American said platinum output fell by 41 percent and diamond production slumped by 54 percent in the second quarter of 2020 due to coronavirus shutdowns across southern Africa.

The company is one of the world's largest platinum producers and owns 85 percent of global diamond giant De Beers.

READ: Level 3 lockdown: Mines to return to full capacity

"Platinum and palladium production decreased by 41 percent to 307,400 ounces and 34 percent to 228,400 ounces, respectively," Anglo American said in a statement. 

"Rough diamond production decreased by 54 percent to 3.5 million carats, primarily due to the COVID-19 lockdowns."

Anti-coronavirus shutdowns across southern Africa stalled the majority of Anglo American mining operations through most of April.  

READ: Mines to operate at 50% capacity during lockdown​​​​​​​

While mining has gradually resumed, the company said demand for rough diamonds had fallen "due to the pandemic".

Lockdowns have also caused a 33 percent drop in platinum concentrate purchases.

Source
AFP