[miningmx.com] – THE five-and-a-half month strike in South Africa’s platinum sector earlier this year cost AECI, a chemicals and explosives maker, about R250m in operating profit, said Bloomberg News citing the firm’s CEO, Mark Dytor.
AECI’s interim profit rose 51% to R601m partly owing to gains from sales of surplus property. Revenue rose 11% to R8bn. Explosives sales were little changed at R3.55bn, said Bloomberg News.
“It was quite bad,’ said Dytor of the effects of the platinum. “We are still counting.” “We’re going to be lucky to get them back onto a normalized sort of route. I don’t think they are going to give us any catch-up in the next six months.’
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