Loading...
See More

Amplats output hit by strikes

Oct 25 2012 08:18 Reuters

Striking Amplats mineworkers. (Lucky Nxumalo, City Press

Company Data

KUMBA IRON ORE LIMITED [JSE:KIO]

Last traded 0
Change -4,56
% Change 0
Cumulative volume 264261
Market cap 83.71bn

Last Updated: 29-09-2014 at 04:29. Prices are delayed by 15 minutes. Source: McGregor BFA

Anglo American Plat Ltd [JSE:AMS]

Last traded 0
Change -9,33
% Change 0
Cumulative volume 190575
Market cap 99.24bn

Last Updated: 29-09-2014 at 04:29. Prices are delayed by 15 minutes. Source: McGregor BFA

ANGLO AMERICAN PLC [JSE:AGL]

Last traded 0
Change -3,82
% Change 0
Cumulative volume 1057174
Market cap 354.64bn

Last Updated: 29-09-2014 at 04:29. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Amplats mulls reinstating fired workers

Labour turmoil hitting SA growth

Amplats strike to escalate

Amplats already lost R1.1bn due to strike

Fired Amplats miners march to NUM

Amplats holds off on dismissals

 

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 month.

Kumba said so far it has lost about 2.2 million tonnes of finished product at Sishen mine. 


NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

We're talking about:

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...