South Africa’s Amplats: Back To ‘meaningful’ Post-strike Output In Two Weeks
South Africa’s Anglo American Platinum expects it will take about two weeks for it to resume significant output after a 5-month work stoppage at the world’s biggest producer of the metal. CEO Chris Griffiths estimated that if one included the ramp-up period back to full production, the company would effectively have lost 520,000 ounces of output as a result of the strike. Amplats, along with fellow producers Lonmin and Impala Platinum signed wage deals with the AMCU union on Tuesday, bringing an end to the longest and costliest labor strike in South African history. Tens of thousands of miners returned to work on South Africa’s platinum belt on Wednesday.
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