Business Insurance

Login  |  Register Subscribe



cbVid =

South Africa: Platinum-group metal output tumbles due to strike

July 11, 2014 - 6:00am


South Africa's platinum-group metal output dropped 49% year on year in May, while total mining output plummeted 6.5% due to a five-month strike by more than 70,000 miners that ended in June, the Pretoria-based statistics office said in a report.

Manufacturing output declined 3.7%, Bloomberg reported. The strike by miners at Anglo American Platinum Ltd., Impala Platinum Holdings Ltd. and Lonmin P.L.C. cost the firms 23.9 billion South African rand ($2.2 billion) in revenue.

Read more

 



Get our daily Global Focus newsletter
  •  


You may also want to visit

International Content