Johannesburg - Anglo American Platinum, the world's largest producer of the precious metal, nearly doubled its first-half profit on Monday, helped by a weaker rand currency and higher sales.
Amplats said diluted headline earnings per share totalled 512 cents in the six months to end-June, compared with 272 cents a year earlier. Headline EPS, the main measure of profit in South Africa, excludes certain one-time items.
Amplats said the results were boosted by the weaker rand, which fell by about 17% during the reporting period.
The company said refined platinum output was unchanged a 1.2 million ounces following a wildcat strikes at its Rustenburg mines.
Labour relations in the mining industry have been strained since a flare-up of union rivalry last year turned into violent wage protests that killed more than 50 people.
Amplats, which is 80% held by resources giant Anglo American, plans to lay off up to 6 000 people as it closes three shafts and scales back production in a bid to return to profitability.
Amplats said diluted headline earnings per share totalled 512 cents in the six months to end-June, compared with 272 cents a year earlier. Headline EPS, the main measure of profit in South Africa, excludes certain one-time items.
Amplats said the results were boosted by the weaker rand, which fell by about 17% during the reporting period.
The company said refined platinum output was unchanged a 1.2 million ounces following a wildcat strikes at its Rustenburg mines.
Labour relations in the mining industry have been strained since a flare-up of union rivalry last year turned into violent wage protests that killed more than 50 people.
Amplats, which is 80% held by resources giant Anglo American, plans to lay off up to 6 000 people as it closes three shafts and scales back production in a bid to return to profitability.