Amplats Mining News

Copper takes some shine off Anglo American’s results

The miner reported broadly higher output in the fourth quarter across all divisions, except for copper, which suffered from lower grades and strikes.

Lonmin ups stake in Pandora platinum mine

Consolidation in South African's platinum mining sector continued on Friday with Lonmin's decision to buy Amplats' stake in the Pandora platinum mine.

Platinum price boost as top producer shuts down smelter

Anglo American Platinum forced to stockpile concentrate and shut down smelter in South Africa responsible for one fifth of its refined platinum output.

Anglo American Platinum full-year loss to hit over $850 million

Only last month, the South African miner announced it was postponing all investment in new or replacement capacity until at least 2017

SA platinum cuts to hurt global output over next two years

Supply for the year, however, is expected to increase by 9% to 7.91 million ounces, owing to the recovery in the country’s output following strikes in 2014, as well as increased platinum recycling.

Zimbabwe platinum export tax shelved for now

The country had introduced the levy on raw platinum exports in January, aiming to encourage local processing of the metal.

Amplats axing over 400 jobs in South Africa

Anglo American’s platinum unit cited dark outlook for the sector as main reason for the cuts.

Protester shot dead in third day of unrest at S. Africa’s mine

The incident happened when South African police allegedly clashed with protesters near Atlatsa Resources’s Bokoni platinum mine.

Anglo American set for commodity slump-triggered charge

The firm became the first major mining company to openly accept the toll that slumping commodity prices are taking on the global industry.

Anglo hit by platinum, iron ore units lower earnings outlooks

The miner shed over 3.7% after two of its business divisions — Amplats and Kumba — warned they expected full-year earnings to shrink more than previously flagged.

Platinum strike doesn’t get to spoil Anglo American’s first quarter results

Platinum output fell by nearly 40% as a consequence of a more than three-month strike over pay in the sector South Africa.

Anglo American profit hit by strikes, logs $1.9 billion writedown

"We are not happy," said CEO Mark Cutifani.

Platinum sector strike in South Africa leads to first death

He was killed after police fired rubber and stun grenades bullets to disperse a crowd of protesters.

Anglo American confirms turnaround plan, warns 2014 will continue to be tough

Cutifani said the firm has identified three "buckets" from which it plans to extract about $3.9 billion of extra earnings.

Anglo Platinum unionized miners postpone vote on strike until 2014

Amplats' main union obtained permission for a legal strike two weeks ago, after exhausting mediation procedures.

Sector-wide platinum strike looks likely

Workers at Northam Platinum put down their tools. Others may follow.

Platinum miners to strike in South Africa again

Impala Platinum Holdings Ltd. (Implats) and Anglo American Platinum (Amplats) operations to be affected.

Chile’s Collahuasi boosts Anglo American results, logs copper record

Anglo's Collahuasi copper mine more than doubled output to 63,600 tonnes, way above analysts’ expectations.

South African platinum miners back at work, strike unnecessary: Amplats

Strike cost Anglo American Platinum more than 40,000 ounces in lost production, or $100 million in lost revenue.

Amplats miners to rally Monday

Says it won't back down until company abandons plans to fire 3,300 workers.

Anglo Platinum mines halted by massive strike in S. Africa

Less than 20% of the company's miners showed up for work today.

Anglo American Platinum under attack on several fronts

After the world's largest platinum producer announced massive lay-offs and plans to scale back annual production by 350,000 ounces.

Amplats halves number of jobs to be axed

It will dismiss around 3,300 workers and redeploy another 1,600.

'We are going to strike, there is no question about it' – SA union spokesman

South African gold miners will vote on strike action this week.

Two-thousand workers protest Amplats job cuts

Hold off strike action for now.