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.
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