Seeking Alpha
 

Anglo American Platinum Ltd. (AGPPF)

- OTCPK - Current
  • Jul. 21, 2014, 4:36 AM
    • Anglo American's (OTCPK:AAUKY) subsidiary, Amplats, is planning to sell its Union mine, Rustenburg operations and a joint venture in South Africa.
    • The move will reduce the miner's staff count by 20k, and follows a continuous five-month strike against the company by the AMCU union.
    • The mine is expected to be sold to Sibanye Gold (NYSE:SBGL), whose CEO Neal Froneman announced a wish for a platinum deal before the end of the year.
    • ETFs: PPLT, PTM, PLTM, PGM
    | Comment!
Visit Seeking Alpha's
AGPPF vs. ETF Alternatives
Company Description
Anglo Platinum Ltd. is the holding company for a group of companies which operate platinum mines. In addition to platinum, the group mines and produces platinum group metals such as palladium, rhodium, iridium, ruthenium, osmium, nickel, copper and cobalt.
Industry: Gold
Country: South Africa