Amplats Revises Cost Guidance on Higher Wages, Power

Mining Weekly reported Anglo American Platinum is on track to achieve its refined production and sales target, but costs will be higher.

As quoted in the market news,

The miner revised its cost target for 2011 to R12 900 an equivalent refined platinum ounce, after electricity price hikes and higher-than-expected increases in wages and consumables, such as steel, explosives, tyres and diesel, pushed up unit costs 10% in the first nine months of the year.

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