Anglo Platinum Limited - Results For The Half-Year
AMS AMSP
ANANP
Anglo Platinum Limited - Results For The Half-Year Ended 30 June 2006
Anglo Platinum Limited and its Subsidiaries
("Anglo Platinum")
(Incorporated in the Republic of South Africa)
(Registration number 1946/022452/06)
JSE Codes: AMS; AMSP & ISIN: ZAE000013181; ZAE000054474
A member of the Anglo American plc group
ANGLO PLATINUM RESULTS FOR THE HALF-YEAR ENDED 30 JUNE 2006
Anglo Platinum is pleased to announce a significant improvement in headline
earnings for the half-year ended 30 June 2006. Headline earnings per share,
attributable to ordinary shareholders, increased by 117% to R20,02 per share.
The increase was primarily the result of higher US dollar metal prices achieved
on all metals sold and increased sales volumes. An interim dividend of R14,00
per ordinary share has been declared.
Commenting on these results, CEO Ralph Havenstein said, "We are pleased with the
ongoing robust demand for platinum group metals at current prices and with our
record half-year financial performance. We remain focussed on increasing
production at improved operating efficiencies."
Refined platinum production increased to 1,34 million ounces or by 6% when
compared to the first half of 2005 mainly due to increased mining production and
the release of metal from pipeline stocks. Refined platinum production for 2006
is expected to be between 2,7 and 2,8 million ounces.
Anglo Platinum remains confident of the robustness of demand for platinum and
continues to implement an extensive suite of mining and processing projects to
maintain current production levels and expand production at an average rate of
5% per annum.
"In 2006 the Board approved projects to the value of R5,7 billion including the
R3,8 billion PPRust North Expansion which will produce an additional 230 000
platinum ounces per annum from 2009. Board approval of a vertical shaft at
Paardekraal in Rustenburg, which will access deeper Merensky reef, is expected
shortly," said Ralph.
Johannesburg
31 July 2006
For further information, please contact
Trevor Raymond
(011) 373-6462
082 654 8467
Date: 31/07/2006 09:02:03 AM Produced by the JSE SENS Department
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