Impala Platinum’s Output Falls By 46%

Bloomberg reported Impala Platinum Holdings Ltd. (JSE:IMP) said third-quarter output of the metal fell 46 percent as union rivalry and a pay dispute prompted a six-week stay-away by workers.

As quoted in the market news:

Impala’s Rustenburg operation, the world’s biggest platinum mine, lost more than 120,000 ounces of output in the strike that started in mid-January. The stoppage was the main reason for South Africa’s economic growth slowing to an annualized 2.7 percent in the first quarter from 3.2 percent in the previous three months, Nedbank Group Ltd. (NED) said in an e-mailed statement today.

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