Amplats loses $126 million due to South Africa strikes
JOHANNESBURG (Reuters) - Anglo American Platinum has lost 67,000 ounces of production or 1.1 billion rand ($126.44 million) in revenue due to illegal strikes at its operations in South Africa, the company said on Friday.
The world's largest platinum producer has issued force majeure notices to its chrome clients, but said its ability to deliver platinum group metals and base metals remained unaffected at this stage.
(Reporting by Sherilee Lakmidas; Editing by Agnieszka Flak)
- Comedian Joan Rivers 'resting comfortably' at hospital |
- IBM launches Watson system for research, hopes for breakthroughs
- In town halls, U.S. lawmakers hear voter anger over illegal migrants |
- Separatists say will allow 'trapped' Ukrainian forces to withdraw |
- Obama says does not yet have broad strategy for Islamic State