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Anglo American Platinum is still rolling in cash — it paid out 80% of interim earnings in normal and special dividends despite a 43% drop in interim headline earnings per share. But with a sell call by a consensus of analysts, are its best days behind it? The FM speaks to Amplats CEO Natascha Viljoen.
Your mining ebitda [earnings before interest, tax, depreciation and amortisation] margin this time last year was a record 71%; it’s dropped to 59% but that’s still way above your target of 35%-40%. Are investors living on borrowed time here?..
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