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Amplats records 1% production improvement in Q2

Anglo American Platinum (Amplats) lifted its production by 1% to 586 000 oz in the quarter ended June 30, compared with the 581 000 oz produced in the second quarter of 2015, as a result of improved performances at its Unki and Union mines, as well as its joint venture (JV) operations.   Amplats on Wednesday released its production report for the second quarter, noting that milled volumes at the Mogalakwena mine had increased by 6% to 3 224 oz, compared with 3 054 oz in the second quarter of 2015. However, the miner noted that a return to normalised lower grades at Mogalakwena had resulted in a 3% decrease in platinum production to 98 800 oz, compared with the 102 300 oz produced in the June 2015 quarter.   Production at Amandelbult increased 1% to 106 200 oz from 105 400 oz in the second quarter of 2015.