Anglo Platinum Reviews Business Despite Government Stoppages

Mining Weekly reported Anglo American Platinum (JSE:AAL) is reviewing its business after a series of government safety stoppages.

As quoted in the market news:

Despite its platinum operating profit increasing to $890-million in the face of 81 safety stoppages, London analysts peppered Anglo American CEO Cynthia Carroll with questions on the turn- around plans for JSE-listed Amplats, which lost 109 000 oz of platinum to nonfatal Section 54 mine stoppages.

Carroll said that the platinum business faced significant cost inflation, safety stoppages and European demand challenges.

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