Anglo American Platinum reports rise in first half interim profits
Published by Nicholas Woodroof,
Editor
Global Mining Review,
As reported by Reuters, Anglo American Platinum today posted a 350% rise in interim profits for the first half of the year.
The company, the largest platinum producer globally, also announced that it had acquired Glencore’s 39% stake in Mototolo, a mechanised platinum mine in the east of South Africa’s platinum belt.
“The acquisition of Glencore’s stake in the Mototolo JV increases Amplats’ interest in a mechanised, low-cost, high quality resource,” Chief Executive Chris Griffith said in a statement.
The company, a unit of Anglo American unit (AAL.L), reported headline earnings per share of 1282 cents, in line with its guidance.
It declared an interim dividend of 374 cents per share. In February, the company announced its first dividend in seven years.
Read the article online at: https://www.globalminingreview.com/finance-business/23072018/anglo-american-platinum-reports-rise-in-first-half-interim-profits/
You might also like
Rosh Pinah Zinc commissions SAG Mill, a critical component of RP2.0
Rosh Pinah Zinc (“RPZ”) and Appian Capital Advisory Limited (the investment advisor to long-term value-focused private capital funds, “Appian”) have announced the commissioning of the new SAG (semi-autogenous grinding) mill.