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Amplats gets leaner and meaner

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An Amplats worker (AFP)
An Amplats worker (AFP)

Johannesburg - Anglo American Platinum (Amplats) this week consummated the last major transaction on its way to becoming a far smaller, but more profitable, company.

Like other parts of the Anglo American group, Amplats [JSE:AMS] is focusing on paying debts and bringing in all the cash it can.

This means no dividends and no new projects, along with selling assets and now also negotiating prepayments with customers.

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