Popular News From Popular Sites: Amplats says to sell strike-hit South Africa mines

Monday, July 21, 2014

Amplats says to sell strike-hit South Africa mines

People walk past a board outside the Anglo American offices in Johannesburg JOHANNESBURG (Reuters) - World no. 1 platinum producer Anglo American Platinum said on Monday it planned to sell its Union mine, Rustenburg operations and a joint venture in South Africa, a widely expected move after it was hit by a five-month strike. Unveiling its interim results, Amplats said it had lost over 420,000 ounces in production to the wage strike by the hard-line AMCU union. Its headline earnings per share dropped to 60 cents, a fall of almost 90 percent. ...




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