Anglo American's share: Group responds with layoffs on strike in South Africa

London- British mining company Anglo American plc (ISIN GB00B1XZS820 / WKN A0MUKL) announced on Monday that he responded with layoffs to the ongoing strike for weeks on its site Rustenburg in South Africa.

Declared to have the daughter of Anglo American Platinum Ltd.. . (ISIN ZAE000013181 / WKN 856 547) due to the persistent refusal to work by employees in Rustenburg now decided to lay off 12,000 employees



As the platinum producer also announced that he has by the recent strikes suffered damage amounting to the equivalent of about 60 million euros in the form of lost sales.

Shares of Anglo American in London is currently trading with a loss of 1.63 percent at 1,783.00 pence.

Disciplinary proceedings against striking miners in South Africa
Thousands of miners threatened dismissal

The world's largest platinum producer Anglo American Platinum (Amplats) on Thursday launched disciplinary proceedings against striking miners in South Africa. "We had no choice but to initiate disciplinary proceedings that could lead to layoffs," said Amplats CEO Chris Griffith. The company had asked the miners repeatedly to return to work. On Thursday, however, only less than 20 percent of the workers had appeared in the mines in Rustenburg in the North.

Disciplinary proceedings against striking miners in South Africa
Thousands of miners threatened dismissal

Description:
Anglo American plc is one of the world's largest mining companies and is active in 60 countries. The supported products include iron ore, manganese, coal, copper and nickel. In the minerals sector, the company is one of the leading promoters of diamonds. In addition, the company is known worldwide with 40% market share, the largest platinum sponsor. Production facilities are located in Asia, Africa, Australia, North and South America, while the operational radius of the Group extends across six continents. The activities of Anglo American include the development, treatment and smelting of mineral resources and to tap new locations and new technology development.