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Anglo Pt considers mine shutdowns Posted: Tue, 10 Jul 2007 [miningmx.com] -- ANGLO Platinum would consider extending a safety review programme at other mines in its stable if the one-week stoppage at the Rustenburg section proved a success, the company said. "We'll see what the impact is at the Rustenburg section and then make a decision at Exco [executive committee]," said Francis Petersen, head of strategy at Anglo Platinum at a lunch for journalists. "There is a likelihood of this." Anglo Platinum announced on June 18 that it would lose an estimated 15,000 oz of refined platinum from its Rustenburg section in order to review the efficacy of safety at the mine. This was after five people were killed at Rustenburg in the two weeks prior to the announcement. "I have consistently emphasised publicly, achieving a dramatic improvement in the group’s safety performance is an overriding priority in the programme of change that we are taking forward within Anglo American," said Cynthia Carroll, CEO of Anglo American at the time production at Rustenburg was suspended. Anglo American owns about 75% of Anglo Platinum. Said Petersen: "We are looking at similar stoppages but we haven't made a decision yet". "The key message in all of this is safety. Everything must be safe before we produce," he said. "Cynthia [Carroll] has brought a fresh approach and is very sincere on the caring attitude. This will take us far." Petersen said Anglo Platinum had earmarked the year-end or early 2008 for completion of its empowerment transactions in which two deals were being planned empowering Anglo Platinum to about 26%. Click Here to subscribe to our daily newsletter
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