Higher rand PGM basket price contributes to 80% jump in Amplats' interim headline earnings

Platinum group metals (PGMs) miner Anglo American Platinum (Amplats) expects its headline earnings for the six months ended June 30 to be 80%, or R2.69-billion, higher year-on-year, mainly as a result of an increase in the rand PGM basket price. The company had reported headline earnings of R3.36-billion for the six months ended June 30, 2018.