FILE- Striking mineworkers protest in Marikana, South Africa, in this file photo dated Wednesday Sept. 5, 2012. The Anglo American Platinum mining company the world's largest platinum producer, announced Thursday Jan. 15, 2013, it will close four mine shafts and sell one mine, expecting to cut some 14,000 jobs only months after the country suffered massive labor unrest in the mining sector, while the government's minister of mines and the National Union of Mineworkers, NUM, expressed surprise and shock at the announcement. (AP Photo/Denis Farrell, File)
News Summary: Anglo American Platinum lost $715M
Published: 06:28:53 PM, Mon 04 February 2013 UTC
STRKING RESULTS: Anglo American Platinum Ltd., the world's largest producer of the metal, had an operating loss of $715 million in 2012 as violent labor unrest in South Africa paralyzed its operations for weeks.
SPIRALING DOWN? The loss follows a profit of more than $1 billion in 2011. The company says it might close some operations and lay off as many as 14,000 workers.
MOTHER LODES: The mining industry is a huge part of the economy in South Africa, which is the world's largest producer of platinum, gold and chromium.
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