Shares in Anglo American have plunged on the London Stock Exchange this morning (January 16th) as the company's Rustenburg facility workers down tools in protest against the firm's plans to close mines in South Africa.
Labour leader and activist Evans Ramokga told the media that the workers did not "go underground" for their overnight shift at the platinum extraction site in question, which is 120km away from Johannesburg.
The company is the world's largest platinum producer and workers are expected to meet later to plan wider strike action after Amplats, which is a unit of Anglo American, unveiled plans to mothball two South African mines, sell another and make 14,000 job cuts.
On Monday, the business stated it is likely to fall to a full-year loss as a result of last year's wildcat strike action, which affected the country's entire mining industry.
At 11:40 GMT, Anglo American shares fell by three per cent to 1900.50p per unit.
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