anglo american platinum ltd
(AGPPF:OTC US)
anglo american platinum ltd (AGPPF) Snapshot
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Open
$36.95
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Previous Close
$36.95
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Day High
$36.95
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Day Low
$36.95
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52 Week High
06/11/12 - $60.75
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52 Week Low
04/22/13 - $35.15
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Market Cap
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Average Volume 10 Days
0.0
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EPS TTM
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Shares Outstanding
0.0
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EX-Date
03/11/13
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P/E TM
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Dividend
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Dividend Yield
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Related News
anglo american platinum ltd (AGPPF) Related Businessweek News
anglo american platinum ltd (AGPPF) Details
Anglo American Platinum Limited engages in the exploration and production of platinum group metals in Southern Africa, South America, Australia, North America, Asia, and Europe. It produces platinum, palladium, rhodium, ruthenium, iridium, and osmium, as well as iron ore and manganese, metallurgical coal and thermal coal, copper and nickel, gold, and precious metals and minerals. The company was formerly known as Anglo Platinum Ltd and changed its name to Anglo American Platinum Limited in May 2011. Anglo American Platinum Limited was incorporated in 1946 and is headquartered in Johannesburg, South Africa. Anglo American Platinum Limited is a subsidiary of Anglo South Africa Capital Proprietary Limited.
anglo american platinum ltd (AGPPF) Top Compensated Officers
anglo american platinum ltd (AGPPF) Key Developments
Anglo American Platinum Limited announced its proposals to create a sustainable, competitive and profitable platinum business for the long term benefit of all its stakeholders. Following the announcement of its proposals, Anglo American Platinum and its recognised unions agreed to suspend the section 189 consultations to allow for engagement to take place with the Department of Mineral Resources (DMR) and the unions. The parties spent the past week engaging on interventions to reduce the impact of restructuring on mineworkers. This process has now reached a stage whereby parties have agreed on measures and mitigation plans that will preserve jobs.
Anglo American Platinum announced that it will cut 6,000 jobs at its South African operations. The bulk of job losses would be felt at mines near the northern city of Rustenburg, the crucible of fatal labour violence last year. The move was necessary to get the company back on the path to profitability after reporting a more-than-140% drop headline earnings in 2012. Unions have vowed to fight any job cuts and a fresh strike is likely. It is expected that the decision will cut production capacity by 250,000 ounces this year, around 11% of last year's total production.
The Board of Anglo American Platinum Limited announced the appointment of Valli Moosa as Independent Non-Executive Chairman of the company with immediate effect. Valli Moosa's appointment follows the retirement of Cynthia Carroll, who stepped down at the company's Annual General Meeting on April 26, 2013. Valli has been a Director since 2008, served as Deputy Chairman and Lead Independent Director of the Board since 2010 and is well placed to succeed Cynthia as Chairman. Valli is the current Chairman of Sun International Limited. The Board also announced the appointment of Mark Cutifani as a Non-Executive Director of the Board with immediate effect. Mark is the Chief Executive of Anglo American plc and former Chief Executive of AngloGold Ashanti Limited.
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Industry Analysis
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To contact ANGLO AMERICAN PLATINUM LTD, please visit www.angloplatinum.com. Company data is provided by Capital IQ. Please use this form to report any data issues.
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