[miningmx.com] — ANGLO Platinum said on Thursday its full-year profit likely rose as much as seven-fold, helped by higher metal prices.
Angloplat, majority-owned by global miner Anglo American, said it expects headline earnings per share to total 1,965 cents in the year to end-December, compared with 289 cents a year earlier.
Shares of Angloplat gained 3.3% to R746 by 15:35, outperforming the JSE’s Top-40 index of blue chips, which was slightly higher.
AngloPlat said the results were boosted by higher platinum prices. The precious metal gained about 20% in 2010. Platinum on Thursday hit its highest since July 2008.
