Platinum Production Falls, Projects Set To Raise Output

Mining Weekly reported platinum producers saw a decrease in production, but are making plans to increase output in the next six months.

As quoted in the market news:

Anglo American Platinum’s (Amplats’) underlying production from its South African and joint venture (JV) mines fell by 5% or about 110 000 oz to 2.28-million ounces last year, according to platinum-group metals (PGMs) distributor Johnson Matthey’s 2012 platinum report.

Safety stoppages were the primary cause of the shortfall and the underlying mine output is expected to rise, notes Johnson Matthey. To improve production levels, Amplats has established many projects over the years at its various fully owned mines and JV mines.

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