Platinum – Reuters reported that Anglo American Platinum, which is the largest platinum producer in the world, said the labor problems in its SA operation is jeopardizing the company’s investment and talks with the union and the government may not lead to a change in its proposed job cuts.
Platinum – Reuters reported that the prices of platinum declined after Anglo American Platinum announced it will resume operations on its South African mines starting Wednesday.
Platinum – Bloomberg reported that the biggest producer of platinum, Anglo American Platinum, reported a headline loss for 2012. Last month the company proposed to shut down four of its mineshafts in order to stem losses brought about by a two-month strike and also to curb operating costs.
Platinum – Reuters reported that platinum posted its highest one-day drop in more than a month as Anglo American Platinum agreed to put on hold its plans to cut jobs in its South African properties
Platinum – Mining Weekly reported that according to Fitch Ratings, Anglo American Platinum (Amplats) has laid out its far-reaching restructuring plans, which highlighted the labor challenges in South Africa in the platinum industry.
Platinum – Reuters reported that platinum has already gained a 9% rise and continues to rally for the seventh consecutive session driven by strong hedge fund buying after Anglo American Platinum said it would cut 14,000 jobs and close two mines in South Africa.
Platinum – Reuters reported Anglo American Platinum's (LSE:AAL) mining production results, noting platinum was flat.
Platinum – BusinessDay reported Anglo American Platinum (LSE:AAL,PINK:AGPPY) business review is still on track for completion this year, according to Chairwoman Cynthia Carroll.
Platinum – Reuters reported South Africa's Amplats fired 12,000 wildcat strikers on Friday.
Platinum – Reuters reported falling profits at Anglo American's (LSE:AAL) and a major organizational reshuffle have highlighted the troubles facing the miner.
Get our independent commentary on resource trends and companies delivered to your inbox.
