Anglo Platinum has revealed that earnings per share increased by 15 per cent in the first half of the year, despite the fact that first-quarter production dropped by 24 per cent to 428,600 oz following power shortages.

The firm said that the expected increase was as a result of higher Rand prices of metals, despite lower sales volumes.

Further details are expected on July 28th, but the company said that earnings per share could be as much as 25 per cent higher in the six months to June 30th.

The price of platinum also gained 57 per cent in the first half of the year following concerns that a power shortage in South Africa may stunt global supplies of the precious metal.

Anglo Platinum also saw its Amandelbult mine flooded and subsequently lose production.

But the firm expects the mine to be back in full production during the second quarter of the year.



Source:

Anglo Platinum trading statement, 14/07/08
http://www.angloplatinum.com/def_main.asp?Id=press/display.asp&Id2=190&Related=true

Angloplat expects earnings growth on higher metal prices, 14/07/08
http://www.miningweekly.com/article.php?a_id=137960

Anglo Platinum Profit Gains 15% on Increased Prices, 14/07/08
http://www.bloomberg.com/apps/news?pid=20601116&sid=ajJ6sfD8FaYg&refer=africa

Anglo Pt earnings forecast on the low side, 14/07/08
http://www.miningmx.com/platinum/660241.htm