Angloplat H1 headline EPS up 47 pct, cuts FY output

(Reuters) - South Africa's Anglo Platinum posted a 47 percent jump in interim headline earnings per share on Monday, at the top end of its own forecast, and cut its output estimate for the year.

Angloplat, the world's biggest platinum producer, said headline EPS for the six months to end June increased to 29.43 rand from 22.02 rand in the same period last year, mainly due to strong metals prices.


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Miners boost S.Africa stocks; outlook hits Angloplat

(Reuters) - South African shares muscled to a record high on Thursday as a stronger gold price and Rio Tinto's bid for Alcan powered mining stocks but Anglo Platinum sank on a disappointing trading update.

The Johannesburg Top-40 index of blue-chip stocks rose 0.54 percent to 27,028.86 points, a historic closing peak, while the All-share index gained 0.49 percent to 29,789.95 points, also a record.


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Platinum Rises as Wage Disputes at South Africa Mines May Disrupt Supplies

(Bloomberg) -- Platinum rose, heading for its
second weekly gain in three weeks in New York on concern wage
disputes will lead to strikes at mines in South Africa, the
biggest producer of the metal. Palladium also gained.

Anglo Platinum Ltd. last week raised a wage offer in an
attempt to avert a strike, and employees at Impala Platinum
Holdings Ltd. turned down a proposed pay increase. The two
South African companies are the world's biggest platinum
producers.


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Platinum Climbs in London After Impala Labor Talks; Palladium Also Gains

(Bloomberg) -- Platinum climbed to a one-week high
in London after pay talks continued without an agreement at
Impala Platinum Holdings Ltd., reviving speculation miners will
strike in South Africa, the biggest producer of the metal.
Palladium also rose.

Negotiations that continued until 11 p.m. local time
yesterday failed to bring a breakthrough, Eddie Majadibodu,
chief negotiator for the National Union of Mineworkers, said
today. Anglo Platinum Ltd., the biggest platinum producer, is
halting output at its Rustenburg underground mine for safety
checks in two days' time following the deaths of five workers in
the past two weeks.


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Platinum Gains as Anglo Platinum Halts Rustenberg Mine; Palladium Advances

(Bloomberg) -- Platinum rose the most in two weeks
after South Africa's Anglo Platinum Ltd., the world's biggest
producer, halted output at its largest mine following the deaths
of five workers in the past two weeks. Palladium also advanced.

The Rustenburg mine will be closed for as long as seven
days, reducing annual production by between 10,000 and 15,000
ounces, Johannesburg-based Anglo Platinum said in a statement
today. Platinum supply fell short of demand in seven of the past
eight years, helping prices to more than triple since 1998.


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