News Headline Summary

Following news that Anglo American Platinum has put plans to cut as many as 14,000 jobs in South Africa on hold, spot platinum has moved lower by USD 13.6 to trade at a fresh low of USD 1662.69

Analysis details (12:53)

- The job losses would have cut annual production at its mines by 20%.
- Earlier this month, Anglo American Platinum said it would cease production at four mine shafts in the Rustenburg region of South Africa

28 Jan 2013 - 12:47 - Equities - Source: RANsquawk

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: