Bloomberg reported Anglo American plc. (LSE:AAL) said platinum output fell 24 percent in the first quarter from a year earlier after it shut a plant for maintenance, with fewer safety stoppages stemming the drop.
As quoted in the market news:
Refined platinum production retreated to 402,800 ounces because of planned annual maintenance at a converting plant in Rustenburg, which was completed last month, Johannesburg-based Anglo American Platinum Ltd., in which Anglo has a 79.9 percent stake, said in a statement today. Safety stops fell to 13 in the quarter from 21 a year earlier and 32 in the prior three months.