Amplats drops into the red in 2012

The world's biggest platinum miner, Anglo American Platinum, has announced that it swung to a big loss in 2012 as it was hit by strikes and lower prices in the second half.

The world's biggest platinum miner, Anglo American Platinum, has announced that it swung to a big loss in 2012 as it was hit by strikes and lower prices in the second half.

The group, widely known as 'Amplats', said that headline earnings per share are expected to fall to a loss of between 491 cents and 628 cents for last year, well below the profit of 1,365 cents reported in 2011.

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