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    market news

    Impala Platinum Offers Pay Hike To Divert Strike

    Investing News Network
    Sep. 28, 2012 08:59PM PST
    Precious Metals

    Reuters reported Impala Platinum (JSE:IMP) says pay hikes offered on Friday were aimed at averting a strike and ensuring peace.

    Reuters reported Impala Platinum (JSE:IMP) says pay hikes offered on Friday were aimed at averting a strike and ensuring peace.

    As quoted in the market news:

    Violence and intimidation have been defining features of the illegal strikes roiling Africa’s biggest economy.

    Implats key Rustenburg operation was shut for 6 weeks in January and February amid a bloody turf war between the militant Association of Mineworkers and Construction Union (AMCU) and the dominant National Union of Mineworkers (NUM).

    Click here to read the full Reuters report.

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