Johannesburg - Anglo Platinum [JSE:AMS] said on Thursday
that strikes at its operations and some of its joint venture partners had
resulted in total lost production of 138,000 ounces.
The world's largest producer of the precious metal said that
strikes cost it 42,000 ounces in the third quarter and a further 96,000 ounces
from the beginning of October to date.
As a result, third quarter refined platinum production was
flat year-on-year 649,000 ounces.
The platinum producer has also cut its capital expenditure
for a second time this year to bring its 2012 spending target to R6.5bn.
Kumba Iron Ore [JSE:KIO], another unit of Anglo American [JSE:AGL], said in a
statement it is battling to ramp up its production at its Sishen operations in
the Northern Cape province after a two-week strike halted production this
Kumba said so far it has lost about 2.2 million tonnes of
finished product at Sishen mine.