{"id":13696,"date":"2012-08-20T15:02:50","date_gmt":"2012-08-20T13:02:50","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/update-1-rbplat-looks-at-cutting-jobs-as-earnings-fall\/"},"modified":"2012-08-20T15:02:50","modified_gmt":"2012-08-20T13:02:50","slug":"update-1-rbplat-looks-at-cutting-jobs-as-earnings-fall","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-rbplat-looks-at-cutting-jobs-as-earnings-fall\/","title":{"rendered":"UPDATE 1-RBPlat looks at cutting jobs as earnings fall"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Adds details)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Aug 20 (Reuters) &#8211; South African junior miner<br \/>\nRoyal Bafokeng Platinum reported a 60 percent drop in<br \/>\nfirst-half earnings on Monday, hit by the slump in platinum<br \/>\nprices and reduced production and said it will accelerate its<br \/>\ncost cuts.<\/p>\n<p><span><\/span><\/p>\n<p>RBPlat, the latest platinum miner to be squeezed by the<br \/>\nindustry&#8217;s downturn, said headline earnings per share totalled<br \/>\n43 cents in the six months to end-June, from 105 cents a year<br \/>\nearlier.<\/p>\n<p><span><\/span><\/p>\n<p>Platinum group metal production dropped 9 percent to 128,847<br \/>\nounces. The company said it expects full-year production to come<br \/>\nin at around 270,000 ounces of platinum group metals and 175,000<br \/>\nounces of platinum.<\/p>\n<p><span><\/span><\/p>\n<p>Platinum miners have been struggling to overcome higher<br \/>\ncosts and sharply falling prices for the precious metal.<\/p>\n<p><span><\/span><\/p>\n<p>Shares of the company are down 12 percent this year. <\/p>\n<p> (Reporting by Sherilee Lakmidas; editing by David Dolan)<\/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>(Adds details) JOHANNESBURG Aug 20 (Reuters) &#8211; South African junior miner Royal Bafokeng Platinum reported a 60 percent drop in first-half earnings on Monday, hit by the slump in platinum prices and reduced production and said it will accelerate its cost cuts. RBPlat, the latest platinum miner to be squeezed by the industry&#8217;s downturn, said [&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-13696","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\/13696","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=13696"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13696\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13696"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13696"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13696"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}