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Reuters reported South African miners on an illegal at Anglo American Platinum (LSE:AAL) defied management threats of dismissal on Friday.
Reuters reported South African miners on an illegal at Anglo American Platinum (LSE:AAL) defied management threats of dismissal on Friday.
As quoted in the market news:
Anglo American Platinum (Amplats), the top producer of the white metal and a unit of global mining group Anglo American, said on Thursday it would begin disciplinary action against illegal strikers and could fire them.
Four of Amplats’ Rustenburg mines, accounting for a quarter of group output, have been idle for more than two weeks, costing the company at least 20,000 ounces in lost output to date – $33 million at current spot prices.