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FACTBOX-S.Africa’s embattled platinum sector

19 August 2012 By admin

Aug 19 (Reuters) – South Africa’s platinum sector is
battling hostile headwinds that include soaring costs, a
depressed price and a surge in union militancy that saw 34
striking Lonmin shot dead by police on
Thursday.

Following are some facts about platinum producers in South
Africa, which sits on about 80 percent of the world’s known
reserves.

ANGLO AMERICAN PLATINUM

World no. 1 producer

Annual production – 2.53 mln oz

Employees – 58,541

Share price performance since Jan 1, 2012 – down 24 percent

  Continued…





Previous: Cricket-England’s hopes of levelling series fade
Next: INSIGHT-Workers to warriors: union war batters S.Africa mines





Filed Under: South Africa Tagged With: news, reuters, south africa

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