Tuesday, February 5, 2013

Strike prone Anglo American Platinum (Amplats) suffers huge losses in 2012

Strike-hit and top global platinum producer Anglo American Platinum (Amplats) reported this week, a switch into a steep operating loss in 2012 amid surging operating costs, and said it was focusing on turning its performance around.

The company reported an operating loss of 6.334 billion rand (US$717 million) for 2012 from a profit of 7.965 billion rand (US$902 million) in 2011 and said that what it termed headline earnings per share also switched into a loss of 5.62 rand (US$0.64) from

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