Anglo Platinum has confirmed that flooding could hit output at its Amandelbult mine by between 50,000 oz and 70,000 oz of platinum group metals (pgms).

The miner said that a major storm on Monday has caused several underground working areas to become flooded with water.

As a result, the mine is currently operating at 25 per cent of its standard capacity, with a return to full production expected to take between nine to 12 weeks.

A statement from Anglo Platinum said that no-one was hurt in the floods and that it had put in place extra water control measures with the intention of minimising further disruption to the mine's operations.

A statement issued by the firm said: "The rain resulted in unprecedented and excessive water inflow into underground operations primarily from the extensive, worked out, open cast areas."

Shareholders can expect to updated on the projected loss to production at a meeting scheduled for February 11th.

Source:

Angloplat says flood disrupts Amandelbult output, 23/01/08
http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSWEA746120080123

Anglo Pt, 23/01/08
http://www.miningmx.com/wts/817788.htm


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