Amplats Postpones Decision On Mines

News: Anglo American Platinum (Amplats) has postponed a decision pertaining to the disposal of its Rustenburg and Union mines in South Africa as it revealed plans to cut spending by ZAR6bn (USD486.0mn) in the next two years by delaying growth projects. The company had initially stated that it would decide by mid-2015 whether to sell or list the mines. The market is currently difficult for sellers and buyers of platinum assets and the company will not get full value for the assets if it...

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