Anglo Platinum reports Q1 output down 21st April 2011

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Anglo Platinum has maintained its full-year production target of refining and selling 2.6 million ounces of platinum in 2011, in spite of a five per cent fall in its first-quarter output.

The company told Reuters that it "remains confident" of achieving the target after posting 568,000 oz output for the three months to the end of March, attributing the drop to safety stoppages.

Pieter Louw, head of mining operations at the company, said there are a number of action plans to make up for lost production.

"We look at where we can get additional production. We can turn to our open-pit mine for example, we can optimise production there better," he told Reuters.

Anglo Platinum said in a news release that the company experienced more safety stoppages during the first quarter of 2011 than it did during the whole of 2010, with four employees losing their lives in the last three months.

Source:


Angloplat keeps 2011 target, Q1 output down (21/04/11)

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