17,200 Miners Fired at Impala Platinum Mine

Bloomberg reported Impala Platinum Holdings Ltd. (JSE:IMP) fired 17,200 workers after an illegal pay strike halted its Rustenburg mine.

As quoted in the market news:

The number includes 13,000 employees who joined the stoppage, declared illegal by court order, after they failed to return to work by yesterday’s deadline, the Johannesburg-based company said in a statement today. The strike is costing Impala about 3,000 ounces of platinum daily, the equivalent of $4.9 million in sales a day.

Click here to read the full Bloomberg report.