Amplats sees platinum price averaging $1,800/oz in 2011

JOHANNESBURG, July 25 Mon Jul 25, 2011 11:37am BST

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JOHANNESBURG, July 25 (Reuters) - Anglo American Platinum (Amplats) chief executive officer Neville Nicolau said on Monday the price of the precious metal would average $1,800 an ounce for 2011, in line with a previous forecast.

The world's top platinum producer earlier said its headline earnings for the first six months of the year had risen 20 percent and it held to its 2011 production target of 2.6 million ounces which will be tough to meet if its workforce goes on strike. (Reporting by Ed Stoddard)