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Anglo American Platinum (Amplats) is the leader in the South African platinum sector for alternative platinum group metals (PGM) applications, injecting $ 100 million into a new offshore company to develop and find new technologies. Amplats, owned 78% by Anglo American, will receive $ 100 million from the South African public investment company (PIC), which brings the total investment to about 6.6 billion rand. .
Amplats injects its portfolio of companies in which it has established or invested since 2009 in AP Ventures and these badets include Altergy Systems, Food Freshness Technology Holdings, Greyrock Energy, Hyet Holdings, Hydrogenius Technologies, Primus Power and United Hydrogen Group.
AP Ventures, an independent fund management firm led by Andrew Hinkley, the mainstay of Amplats, will head two UK-based venture capital funds that will hold the badets and capital of Amplats and looking for new investments "The development of the platinum market is a strategic priority for Anglo American Platinum and this investment with AP Ventures is a key initiative," said Chris Griffith, CEO of Amplats. As part of Anglo American Platinum's PGM investment program, we made the decision to separate the fund's operations into an independent structure that will attract additional outside investment and allow AP Ventures to grow. the scope of its activities. "
in the case of platinum, the world's leading source of PGM, whose uses extend to a wide range of industrial uses and jewelery.
However, platinum prices stagnated for years while the cost of producing metal has gone up, eroding profit margins and leaving two-thirds of the country's platinum mines in deficit.
SA platinum miners created and financed World Platinum Investmen. The Council encourages investment products and knowledge of the metal, while supporting the Platinum Guild International, established in 1975 to develop the demand for jewelry.
By creating another series of uses for metals of platinum, it will create a new source of demand for metals and support price and diversify the risk of the overly concentrated use of platinum, palladium and rhodium to manufacture catalytic positives in engine exhausts.
The PIC invested in AP Ventures to ensure that the South African platinum industry, Dan Matjila, the fund's CEO, said: "The potential for localization of these technologies in South Africa is helping to keep jobs in the mining sector of the GMPs and to plan the creation of jobs in the manufacturing sectors. 19659002] "The CIP is already a major investor in the platinum mining industry and considers that the long-term sustainability of the industry is critical to the long-term performance of its portfolios." [19659014] (function (d, s, id) {
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