Anglo American Platinum (AAP), the platinum group metals (PGMs) producing subsidiary of FTSE 100 mining giant Anglo American, saw the headline earnings fall from $674m to $527m in the full-year ended December 31st.
As such, the contribution to Anglo American's underlying earnings has fallen to $410m, down from $425m in 2010.
AAP claims to account for around 40% of the world's newly mined platinum, its website says.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Platinum activities accounted for $837m of the Anglo American's total operating profit of $9,763m in 2010.
BC
-
How taking a two-year career break could leave a £26k hole in your pensionCareer breaks are increasingly common but it is important to take steps to protect your pension, as gaps compound over time
-
Cash in on your attic: Thousands could be sitting dormant in your storageSelling your valuables at auction could be far more lucrative than you think. We take a look at how auctions work, and some tips to help you maximise your profits
