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
Komatsu and SMS Equipment debut the first PC9000 in Canada
Komatsu Germany Mining Division and SMS Equipment unveiled the first Komatsu PC9000 hydraulic mining excavator during an official handover ceremony at Suncor’s Fort Hills mine in Canada.
