Platinum
Overview
Our platinum business, a managed subsidiary, owns the largest platinum reserves in the world and is the largest producer, accounting for some 40% of world supply. We mine, process and refine the full range of platinum group metals (PGMs).
Share of Group operating profit (2009): 1%
Share of Group net operating assets (2009): 31%
Our platinum operations exploit the world's richest reserve of PGMs, known as the Bushveld Complex, which contains the PGM-bearing Merensky, UG2 and Platreef ores.
Our strategy is to develop the market for PGMs and expand production while conducting businesses safely, cost effectively and competitively. We invest in research and development into new uses for PGMs, working with partners and customers including Johnson Matthey plc and global development campaigns for jewellery through the Platinum Guild International.
Our platinum business in China
China is the biggest market for platinum jewellery in the world and in 2009 China accounted for more than two thirds of world consumption of platinum jewellery. Industrial consumption in China has also grown in recent years.
