Anglo American Platinum Plans Cuts

Reuters reported Anglo American Platinum (JSE:AMS) will cut loss-making shafts as producers to cope with depressed platinum prices and a rise in union militancy.

As quoted in the market news:

Amplats, an Anglo American (AAL.L) unit which unveiled interim results that as expected showed an almost 80 percent fall in earnings, confirmed it experienced a brief strike last week around its Rustenburg operations as inter-union rivalry spreads through the platinum belt.

Click here to read the full Reuters report.