Anglo American Platinum reports rise in first half interim profits
Published by Nicholas Woodroof,
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
Rainbow Rare Earths’ Phalaborwa pilot plant commences operations
The mixed rare earth sulphate solids produced by the pilot plant front end at Mintek will be shipped to the USA to undergo further downstream processing in the pilot plant back end, in order to deliver separated magnet rare earth oxides.