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.
ANGLO UPS ITS STAKE IN AMPLATS
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