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4-Traders Homepage  >  Equities  >  Johannesburg Stock Exchange  >  Anglo American Platinum Ltd    AMSJ   ZAE000013181

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Amplats says production at South Africa mines yet to start

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11/16/2012 | 06:30am CET

Anglo American Platinum (>> Anglo American Platinum Ltd) said on Friday production at its South African operations where workers went on an illegal strike will not resume in the coming week on safety reasons.

Anglo American Platinum (>> Anglo American Platinum Ltd) said on Friday production at its South African operations where workers went on an illegal strike will not resume in the coming week on safety reasons.

"As these operations have been idle for two months it is important to ensure that (safety) activities are carried out to ensure that working places are made safe," Amplats said in a statement.

The company said wildcat action, which ended after the workers accepted its pay offer, cost it 191,359 ounces of platinum production. (Reporting by Olivia Kumwenda; editing by David Dolan)

Stocks treated in this article : Anglo American plc, Anglo American Platinum Ltd
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Financials ( ZAR)
Sales 2016 61 958 M
EBIT 2016 5 315 M
Net income 2016 3 156 M
Debt 2016 8 176 M
Yield 2016 -
P/E ratio 2016 32,90
P/E ratio 2017 15,04
EV / Sales 2016 1,48x
EV / Sales 2017 1,33x
Capitalization 83 599 M
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Number of Analysts 15
Average target price 356  ZAR
Spread / Average Target 15%
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Christopher Ivan Griffith Chief Executive Officer & Executive Director
Mohammed Valli Moosa Independent Non-Executive Chairman
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