Impala Platinum Stocks Fall After Announcing Work Stoppage

Jan. 23, 2012 12:46PM PST

Bloomberg reported Impala Platinum Holdings (JSE:IPLA) fell for the first time in three days after announcing work has stopped at its Rustenburg operation.

As quoted in the market news:

The second-largest platinum producer dropped 1.1 percent to 176.01 rand by the close of trading in Johannesburg. The stoppage began on Jan. 20 and is related to salary grievances, the Johannesburg-based mining company said in a statement today. Larger rival Anglo American Platinum Ltd. rose 0.6 percent.

Click here to read the full Bloomberg report.