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Anglo Platinum Hikes Dividend as Palladium Surge Boosts Cash
JOHANNESBURG (Capital Markets in Africa) – Platinum prices are languishing near decade lows, yet investors in the No. 1 supplier of the metal haven’t had it this good for years. Anglo American Platinum Ltd. declared its biggest dividend since 2008 as the company reported full-year earnings that nearly doubled, thanks to a weaker rand and surging prices for sister metal palladium. The Johannesburg-based miner’s shares have risen 104% in the past 12 months. While rivals…
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