May 17, 2024

5kg platinum ingot/Photograph: Geoff Brown/© Anglo American

PGI Affirms Commitment Amid Anglo American Platinum Demerger Plans

Following the recent announcement by mining giant Anglo American on its potential demerger from Anglo American Platinum, Platinum Guild International (PGI), a key beneficiary of the latter's sponsorship, has reiterated its dedication to its long-standing strategy of developing partnerships to enhance the value of platinum.

Historically, PGI's operations have been substantially supported by South African platinum mining companies, with Anglo American Platinum being a significant contributor. The organisation anticipates that market development will continue to be a pivotal aspect of the platinum mining sector, emphasising the importance of jewellery, which accounts for one-third of the global platinum demand.

Tim Schlick, CEO of PGI, said, “Our strategy is clear and simple: create ounces and value for our sponsors and partners that otherwise would not exist. This stays front and centre and I believe is a highly compelling value proposition to the industry.”