{"id":12675,"date":"2012-07-23T13:19:23","date_gmt":"2012-07-23T11:19:23","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/amplats-says-will-not-tolerate-loss-making-ounces\/"},"modified":"2012-07-23T13:19:23","modified_gmt":"2012-07-23T11:19:23","slug":"amplats-says-will-not-tolerate-loss-making-ounces","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/amplats-says-will-not-tolerate-loss-making-ounces\/","title":{"rendered":"Amplats says will not tolerate loss-making ounces"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, July 23<\/span> (Reuters) &#8211; Anglo American Platinum&#8217;s<br \/>\n acting chief executive said on Monday the group would<br \/>\nbe prepared to cut production to boost prices and profits.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Acting chief executive Bongani Nqwababa told a results<br \/>\npresentation he would not &#8220;tolerate unprofitable ounces&#8221;, a<br \/>\nsignal the group could move to close loss-making shafts.<\/p>\n<p><span><\/span><\/p>\n<p>The world&#8217;s largest platinum producer reported an expected<br \/>\n78 percent drop in interim profit.on Monday cut its refined<br \/>\nproduction target for 2012 to between 2.4 and 2.5 million<br \/>\nplatinum ounces. It said this amount would remain its output<br \/>\ntarget for the next 2 to 3 years.<\/p>\n<p> (Reporting by Sherilee Lakmidas; Writing by Ed Stoddard)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JOHANNESBURG, July 23 (Reuters) &#8211; Anglo American Platinum&#8217;s acting chief executive said on Monday the group would be prepared to cut production to boost prices and profits. Acting chief executive Bongani Nqwababa told a results presentation he would not &#8220;tolerate unprofitable ounces&#8221;, a signal the group could move to close loss-making shafts. The world&#8217;s largest [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-12675","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12675","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=12675"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12675\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12675"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12675"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12675"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}