The world No. 1 platinum producer Anglo American Platinum has announced that it plans to sell its Union mine, Rustenburg operations and a joint venture. It was a widely expected move following the harsh impact of the five-month strike by mine worker union AMCU.
The miner unveiled interim results today. Its lost 420 thousand ounces in production..
Its headline earnings per share dropped to 60 cents, a fall of almost 90%. The National union of Mineworkers says it is shocked by AMPLATS' plans to sell some of its assets.
