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FM reported Impala Platinum’s (JSE:IMP) reported its platinum operations are working at about 80% production levels compared to production before strikes.
FM reported Impala Platinum’s (JSE:IMP) reported its platinum operations are working at about 80% production levels compared to production before strikes.
As quoted in the market news:
Implats is working at about 80% of its production levels before the strike earlier this year but it is difficult to describe any platinum operations in the Rustenburg area as “settled” in the aftermath of the Marikana shootings and events at Anglo Platinum, Impala Platinum chairman Khotso Mokhele says.
Implats was the first of the platinum companies to experience major disruption this year. A six-week-long unprotected strike of about 17000 workers in January/February started when some miners were given increases and others were excluded. Workers only returned to work after mass dismissals, and there have been intermittent work stoppages at the company’s Rustenburg operations ever since, fuelled partly by inter-union rivalry.
Click here to read the full FM report.