Anglo American Platinum Posts Decline In 2011 Profit, Output

Anglo American Platinum Ltd

reported a decline in its 2011 output and profit. Anglo American Platinum's refined platinum production fell 2% y/y to 2.53 million ounces. It plans to refine between 2.5 million and 2.6 million ounces in 2012, versus its earlier forecast of 2.7 million ounces. Anglo American Platinum's profit attributable to shareholders dropped to 3.591 billion rand, from ZAR9.959 billion, in the year-ago period. Anglo American Platinum shares closed at $11.43 on Friday.