Anglo Platinum has announced plans to increase its production of platinum to 3.3 million ounces by the end of the decade.

The company has revealed that it intends to boost output from 2.7 million ounces in 2006 to 2.8 million ounces this year, with continued growth until it reaches 3.3 million ounces of platinum production by the end of 2010.

Anglo Platinum will achieve the increases thanks to a planned R10 billion capital expenditure programme to boost its expansion plans.

Speaking at the Indaba African mining conference, Phillip Baum, Acting Chief Executive of Anglo American plc, revealed the company's expansion plans to the end of the decade.

Mr Baum also suggested that more Black Economic Empowerment (BEE) deals are likely at some of Anglo America's operations, including at Anglo Platinum.

Ÿ Adfero Ltd