{"id":15876,"date":"2012-10-25T20:03:12","date_gmt":"2012-10-25T18:03:12","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/update-3-anglo-braced-for-full-impact-of-s-african-strikes\/"},"modified":"2012-10-25T20:03:12","modified_gmt":"2012-10-25T18:03:12","slug":"update-3-anglo-braced-for-full-impact-of-s-african-strikes","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-3-anglo-braced-for-full-impact-of-s-african-strikes\/","title":{"rendered":"UPDATE 3-Anglo braced for full impact of S.African strikes"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Increases volumes in copper, iron ore; platinum flat<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Impact of S.African stoppages to be seen in Q4<\/p>\n<p><span><\/span><\/p>\n<p>* Strikes revive criticism of management<\/p>\n<p><span><\/span><\/p>\n<p>By Clara Ferreira-Marques<\/p>\n<p><span><\/span><\/p>\n<p>LONDON, Oct 25 (Reuters) &#8211; Miner Anglo American<br \/>\nposted increased production in five of its seven key commodities<br \/>\nincluding copper, as it braces for the full impact of crippling<br \/>\nSouth African strikes that have ratcheted up pressure on a<br \/>\nmanagement team already under fire.<\/p>\n<p><span><\/span><\/p>\n<p>Anglo&#8217;s labour woes &#8211; compounded by nagging concerns over<br \/>\nits Minas Rio iron ore project in Brazil and operational trouble<br \/>\nin Chilean copper &#8211; have revived long-standing worries among<br \/>\nsome investors over the group&#8217;s exposure to South Africa, and<br \/>\nover a share price that has lagged its peers.<\/p>\n<p><span><\/span><\/p>\n<p>Third-quarter production, outlined on Thursday, was still<br \/>\ncushioned from the effect of platinum and iron ore stoppages.<br \/>\nBut Anglo did little to ease worries over its big-ticket<br \/>\nprojects, specifically Minas Rio, where a planned spend of at<br \/>\nleast $5.8 billion is still under review.<\/p>\n<p><span><\/span><\/p>\n<p>Analysts estimate fresh delays could take the price tag to<br \/>\nsome $8 billion.<\/p>\n<p><span><\/span><\/p>\n<p>Another new mine, the $1.9 billion Barro Alto nickel mine in<br \/>\nBrazil which began producing last year, has been hit by<br \/>\noperational setbacks and is still below full capacity. Analysts<br \/>\nat Morgan Stanley said the repairs could take up to a year.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Increases volumes in copper, iron ore; platinum flat * Impact of S.African stoppages to be seen in Q4 * Strikes revive criticism of management By Clara Ferreira-Marques LONDON, Oct 25 (Reuters) &#8211; Miner Anglo American posted increased production in five of its seven key commodities including copper, as it braces for the full impact [&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-15876","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\/15876","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=15876"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15876\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15876"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15876"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15876"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}