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Bad news for fiscus as Amplats warns profit could plunge R20bn – Business Day

Bad news for fiscus as Amplats warns profit could plunge R20bn – Business Day

Anglo American Platinum (Amplats) has warned that its half-year profit is likely to plunge by as much as R20bn on weak metal prices and lower production — further evidence that the taxman will collect less from the mining industry. Article by Andries Mahlangu and Nico Gous with comment from Mandi Dungwa – portfolio manager for Camissa Asset Management.
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