Anglo American Platinum (AGPPY.PK) appeases labor tensions but disappoints investors by agreeing...

|About: Anglo American Platinum Ltd... (AGPPY)|By:, SA News Editor

Anglo American Platinum (AGPPY.PK) appeases labor tensions but disappoints investors by agreeing to cut fewer jobs than proposed and to keep more of its production on line as a result. Amplats now estimates 2013 platinum production at 2.2M-2.4M oz. vs. an earlier forecast of 2.1M-2.3M, feeding concerns that supply could exceed demand this year. Platinum -2.5% to $1,479.10.