Anglo American’s Platinum Production Flat

Reuters reported Anglo American Platinum’s (LSE:AAL) mining production results, noting platinum was flat.

As quoted in the market news:

Platinum production, meanwhile, was flat. Anglo, however, cut its production target for the year, trimmed planned spending again and warned costs increased by 8 percent in the quarter.

The strike has so far caused the loss of over 138,000 ounces of equivalent refined platinum. Every extra day causes the loss of 4,500 ounces on average.

Click here to read the full Reuters report.