Anglo American Platinum Group Metal

What Anglo American Platinum Group Metal does

Valterra Platinum Limited is an integrated producer of platinum group metals (PGMs) — primarily platinum, palladium, and rhodium — with associated base-metal co-products (nickel, copper, chrome). The company operates a portfolio of large-scale mining assets across South Africa and Zimbabwe, including the Mogalakwena open-pit mine, the Amandelbult, Mototolo, and Modikwa (50% owned) underground mines, and the Unki mine in Zimbabwe, alongside processing infrastructure such as the Mortimer Smelter and refining capacity. In Q2 2026 the group produced 775,400 ounces of PGM metal-in-concentrate and 963,500 ounces of refined PGM, with 2026 annual guidance of 3.0-3.4 million ounces. The company holds responsible-sourcing certifications from LBMA, LPPM, and IRMA, and conducts environmental compliance audits across its operations.

The business model is commodity sales of refined PGM and co-products to industrial customers under realized basket-price terms. Valterra distributes directly to B2B customers through three integrated marketing hubs in London (Europe/global), Singapore (Asia), and Shanghai (China), targeting end-uses including automotive catalytic converters, electronics electroplating, and green technology applications such as hydrogen fuel cells. Pricing is commodity-linked and fluctuates with global PGM markets — Q2 2026 saw an average realized basket price of US$2,710/oz (up 80% YoY) and R44,708/oz (up 63% YoY), with 2026 unit-cost guidance of R19,000-R20,000/oz cash cost and ~US$1,050/3E oz AISC. Revenue mechanics are accordingly price-times-volume, with H1 2026 headline earnings guided to R18.5-R22.2 billion.

Valterra is publicly listed on the Johannesburg Stock Exchange (primary, abbreviated ticker AngloPlat), with secondary listings on the London Stock Exchange, SWX Swiss Exchange, Botswana Stock Exchange, and Namibian Stock Exchange, plus sponsored ADRs trading OTC under ANGPY. Its go-to-market is sales-led and B2B, supported by investor relations, industry events, and a corporate digital presence. In July 2026 the company signed a multi-year R&D and commercialisation partnership with Umicore's Metal Deposition Solutions to develop PGM electroplating technologies for industrial applications — a deliberate move downstream from raw-metal supply into higher-value solution selling.

Name

Anglo American Platinum Group Metal

Legal name

Valterra Platinum Limited

Website

https://angloamericanplatinum.com

Company type

Public

Founded year

1946

Operating status

Operating

Headcount range

101–250 employees

Short description

Valterra Platinum is an integrated producer of platinum group metals (platinum, palladium, rhodium) and base-metal co-products, operating mines and processing assets in South Africa and Zimbabwe and selling to global industrial customers through marketing hubs in London, Singapore, and Shanghai.

Ownership category

akta.pro rank

Product category

Precious Metals Mining

NAICS

Nonferrous Metal (except Aluminum) Production and Processing (3314), Nonferrous Metal (except Aluminum) Smelting and Refining (331410)

SIC

Primary Smelting & Refining Of Nonferrous Metals (3330), Miscellaneous Metal Ores (1090)

akta.pro primary industry

Platinum Group Metals (PGM) Mining (IMAKAEAC)

akta.pro secondary industries

Precious Metals Smelting & Refining (IMAKAEAE), Precious Metals Ore Processing & Beneficiation (IMAKAEAD), Precious Metals & Catalyst Materials (PGM Catalysts) (IMAEAIAN)

Keywords

• Platinum group metals
• PGM mining operations
• Precious metals refining
• Base metals co-products
• Integrated mining producer

Headquarters

HQ city

Johannesburg

HQ country

South Africa

HQ region

Africa

Offices5 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Technology or R&D

Revenue model

1. PGM Sales: Revenue generated from mining, processing, smelting, and refining platinum group metals (platinum, palladium, rhodium) and associated co-products (nickel, copper, chrome). Products are sold to industrial customers globally through marketing hubs.
2. Co-product Sales: Sale of base metals and chrome produced as co-products during PGM processing, including nickel, copper, and chrome concentrates

Go-to-market motion1 record

Distribution channels5 records

Marketing channels6 records

Core offering

Valterra Platinum mines, concentrates, smelts and refines Platinum Group Metals (platinum, palladium, rhodium) from operations in South Africa and Zimbabwe, and sells the refined metals to global industrial customers in electronics, automotive and green-technology sectors. The company also produces base-metal co-products such as nickel, copper and chrome concentrates that arise from PGM processing and are sold alongside the primary PGMs.

Product overview

Valterra Platinum is an integrated PGM producer operating a portfolio of mining and processing assets. The core product is Platinum Group Metals (PGMs) including platinum, palladium, and rhodium, extracted from underground and open-pit mines (Mogalakwena, Amandelbult, Mototolo, Unki, Modikwa) and processed through smelting and refining operations (Mortimer Smelter). The company also produces base metal co-products including nickel, copper, and chrome. The integrated model spans from mining through processing to refined metal production and marketing, with marketing hubs in London, Singapore, and Shanghai.

Differentiator

Problem solved

Functional benefit

Products and services

• Platinum Group Metals (PGMs) Core product line of platinum, palladium and rhodium extracted from mining operations in South Africa and Zimbabwe, processed through smelting and refining, and sold to global industrial customers in electronics, automotive catalytic, and green-technology sectors.
• Base metal co-products (nickel, copper and chrome) Associated co-products recovered during PGM processing, including nickel (6,425 tonnes in Q2 2026), copper (4,209 tonnes) and chrome (294,000 tonnes), sold alongside PGMs as additional revenue streams.

Quantifiable outcome

• Q2 2026 own-mined PGM production increased by 13% year-on-year
• +2 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

One partnership is on record.

• Umicore Metal Deposition Solutions (MDS)coreStrategic or Co-development Partner · 27 July 2026Multi-year R&D and commercialisation partnership focused on developing platinum group metal (PGM) solutions for industrial applications of electroplating. Initial R&D programme concentrates on high-speed platinum electroplating for electronics segment, particularly connector applications. Valterra Platinum invests for an initial period of three years, while Umicore MDS contributes equivalent value through R&D services including materials chemistry, surface technologies, and industrial scale-up expertise.

Scale indicators14 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• Sibanye-Stillwater: South African PGM (and gold) producer operating Rustenburg, Marikana, Kroondal and Stillwater (US) mines — the most direct peer to Valterra Platinum with comparable basket exposure, autocatalyst end-market, and ZAR cost base.
• Tharisa plc: Integrated PGM and chrome co-producer operating the Tharisa Mine on the Bushveld Complex with its own PGM and chrome concentrates — direct PGM mining peer, also producing chrome and nickel as co-products like Valterra.
• Northam Platinum Holdings: South African PGM mid-tier producer with operations at Zondereinde and Booysendal mines, plus recycling through Impala Refining Services — directly comparable PGM mining and refining exposure.
• Impala Platinum (Implats): Major South African PGM producer with integrated mining, smelting, and refining operations at Rustenburg, Marula, Two Rivers (JV), and Zimplats in Zimbabwe — directly comparable integrated PGM business.

Broad incumbents

• Umicore SA: Belgian materials technology and recycling group with major PGM refining, autocatalyst, and electroplating businesses — active R&D partner of Valterra and a broad incumbent counterparty across the PGM value chain.
• Glencore plc: Diversified miner and major trader of PGM and base metals with similar commodity-linked revenue exposure (nickel, cobalt, copper) and trading infrastructure comparable to Valterra's marketing hubs.
• Anglo American plc: Major diversified miner historically parent to Valterra (Anglo American Platinum); current broader PGM exposure and infrastructure relationships across platinum, diamonds, copper and iron ore make it a broad incumbent peer.
• Johnson Matthey: Global PGM refiner, autocatalyst manufacturer, and hydrogen technology provider — a broader incumbent participant across PGM refining and end-use applications overlapping with Valterra's customer base.

Emerging players

• Platinum Group Metals Ltd: Developer advancing the Waterberg PGM project in South Africa, an emerging bulk-tonnage PGM producer targeting offtake from a similar autocatalyst/green-tech end-market as Valterra.
• Eastern Platinum: Operator of the Crocodile River Mine and PGM assets on the Bushveld Complex, an emerging/niche PGM producer with partial product overlap with Valterra.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/186DWocJtj
• LinkedInlinkedin.com/company/anglo-american-platinum-group-metal
• Instagraminstagram.com/valterra_platinum?igsh=bDQ4bHJ1b2ZiZnhp

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Anglo American Platinum Group Metal