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Amplats warns on outlook

Anglo American Platinum (Amplats) warned of a challenging outlook, despite reporting a sharp rise in first-half profit. The numbers compared favourably to the same period in 2014 when the company was hit by a five month strike.

Amplats CEO Chris Griffith said: “Looking ahead, cost inflation remains an issue, with labour, electricity and foreign-currency denominated input costs under continued inflationary pressure.