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Anglo American Platinum posts $715m loss on 2012 labor strikes
Anglo American Platinum Ltd., the world biggest producer of the metal controlled by Anglo American PLC, informed that it saw an operating loss of approximately $715 million in 2012 as its production was affected by violent labor strikes in South Africa. Not only violent labor unrest in South Africa led to the loss as the company had been struggling amid weak demand from its major consumers, including European carmakers hit by the debt crisis. The company noted that demand would probably remain weak in the crisis-hit Europe.
