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Anglo American Platinum reports rise in first half interim profits

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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.

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