INTERVIEW-Angloplat to lift output by 100,000 oz/yr-CEO

Mon Jul 26, 2010 1:59pm GMT

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JOHANNESBURG, July 26 (Reuters) - Anglo Platinum (AMSJ.J: Quote), the world's biggest producer of the precious metal, plans to increase production by 100,000 ounces each year for the next four years, CEO Neville Nicolau said on Monday.

Nicolau said in an interview the group also planned to raise production of platinum by at least three percent over the next decade from current annual output of 2.5 million ounces. Platinum is used in jewellery manufacturing and to make automotive catalytic converters.

"Our long term strategy revolves around plans on how to find new uses for the metal," Nicolau said.

Nicolau said the autocatalyst industry would continue to drive platinum demand for many years to come, but he also saw growth in the jewellery industry. (Reporting by Shapi Shacinda; Editing by Marius Bosch)

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