Anglo American | Paying out as restructuring pays off
AMS reinstated its dividend as the Group's restructuring efforts over the last five years culminated in robust earnings and deleveraging. In this note, we discuss AMS's FY '17 results. In addition, we highlight how the business is well placed to deliver continued earnings growth, but, faces increased external risk given Sibanye's probable decision to end its concentrate processing agreement with AMS.Anglo American Platinum is a producer of platinum. Co. also produces other platinum group metals (PGMs) in quantities determined by their occurrence in the ores mined. Apart from platinum, PGMs comprise palladium, rhodium, ruthenium, iridium and osmium. Gold, nickel and copper are by-products of the PGM operations.
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