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Anglo American ‘mulls sale of S.African platinum mines’

Publicat de in data de 14 Apr 2014 | Scrie un Comentariu

Striking workers at Anglo American Platinum gather outside the Khomanani shaft on January 16, 2013 in Rustenburg, northwest of JohannesburgAnglo American's chief executive has hinted that the mining titan is looking to offload its strike-hit South African platinum mines to concentrate on open-cast extraction. The London-listed firm's operations in South Africa's platinum belt north of Johannesburg have been idle for close to three months, forcing the firm to dig into reserves and hitting its bottom line. Anglo American says that demand, if met, would wreck its platinum subsidiary. "The Rustenburg resource is no longer what it used to be," Mark Cutifani told newspaper Business Day in an interview published on Monday.



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