ANGLO UPS ITS STAKE IN AMPLATS

L ONDON-listed Anglo American Plc said on Friday that it has lifted its stake in Anglo American Platinum Corp (Amplats) to 50,23%. Anglo, which previously made clear its intention to secure a majority holding in the world’s largest platinum producer, increased its holding to 48% last month from 45% at the time of its listing in London in May. Amplats produces some 1,9-million ounces of platinum, around 40% of world supply.
Shares in Amplats have been buoyed by firm prices for platinum group metals on the back of strong demand for metal for use in jewellery, electronics and autocatalysts.

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