Amplats’ interim earnings receive boost from higher prices

A higher rand platinum group metals (PGMs) basket price and a R1-billion stock count adjustment gain have pushed PGMs producer Anglo American Platinum’s earnings and headline earnings for the six months ended June 30, higher. In a revised trading update published on Tuesday, the miner said its headline earnings and headline earnings per share for the six months were likely to be between 108% and 128% higher year-on-year at R7-billion to R7.67-billion and 2 671c and 2 924c, respectively.