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Anglo American Platinum (AGPPY.PK) has suspended production at all its South African operations...

Anglo American Platinum (AGPPY.PK) has suspended production at all its South African operations today due to wildcat strikes after at least 13 people were injured in inter-union violence at one of its mines yesterday. The stoppage follows violent industry wide strikes last year, which cost the mining industry 15B rand ($1.68B) of lost revenue, and comes ahead of wage talks. Platinum futures +0.9%.
Comments (2)
  • Francoisjou
    , contributor
    Comment (1) | Send Message
     
    Where can one verify this as the company itself has not announced this yet.
    19 Feb 2013, 07:58 AM Reply Like
  • TDWelander
    , contributor
    Comments (639) | Send Message
     
    I have run into info that appears no where else at Bloomberg also.
    Ask them where they get the info, I have never gotten a response.
    Credibility is not high on their list. Like Seeking Alpha, it is a take it or leave it crowd; occasionally providing highly spun or slanted info.

     

    This instance with Anglo American and Platinum was likely received from the local South African news wire; probably the local financial
    section. Or a common local source they will never admit to.

     

    So when you run into this kind of situation, go read the local on line newspapers. If you do not get a substantiation there, something fishy or slanted is probably going on.
    19 Feb 2013, 10:51 AM Reply Like
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