Anglo Platinum Mining News

Anglo delays Minas Rio restart until year-end, will lose about $400 million

The announcement is the last of a string of difficulties Anglo has faced with the iron ore mine, which was expected to produce 16 million tonnes this year, but that will now generate just 3 million tonnes.

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.

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

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.

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.

Platinum, palladium dive as strike turns violent

Workers desperate after three months without pay loot shopping mall and set community buildings alight.

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.

Platinum, palladium price react as strikes drag on

PGM prices gain after world number two producer Implats says it can only supply customers to end March, but strikes could drag on into May.

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

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

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.

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.

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.

Anglo’s Cutifani won’t take ‘unacceptably poor’ performances any longer: heads may roll

He also cut down his executive team and said at least half of Anglo’s $17 billion project pipeline will be shelved or cancelled.

Amplats swings back to profit despite strikes, restructuring

The platinum giant is, however, cutting at least 6,000 jobs.

4,000 strike at Anglo American Platinum mine once again

At least 2,400 workers were being held down in the mine by their own colleagues.

Amplats prolongs talks with South African government until end of April

Anglo American Platinum may cut as many as 14,000 jobs and mothball two mines.

Amplats lost almost 4,000 ounces of platinum production in one day due to strike

Workers returned to work Wednesday morning after a one-day strike, but company lost 3,886 ounces of platinum production.

Amplats hit hard by South Africa’s mining strikes, down to an annual loss

The negative figures come comes after a 2011 profit of more than $1 billion, which highlights the grim financial situation Amplats currently faces.

Amplats yields to pressure, delays overhaul

In a joint statement with the Department of Mineral Resources and unions, the miner has agreed to postpone any decision for 60 days.

Amplats in talks about decision on firing 14,000 workers and selling off mines

The world’s top platinum company is reportedly engaged in negotiations with union leaders and the government and it is expected to release a formal announcement on whether talks had succeeded in saving jobs later today.