Implats Plans to Modernize Rustenburg Operation

- February 26th, 2015

Mineweb reported that Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) is aiming to structure its Rustenburg mines into “smaller, more concentrated mining” operations.

Mineweb reported that Impala Platinum Holdings Ltd. (OTCMKTS:IMPUY) is aiming to structure its Rustenburg mines into “smaller, more concentrated mining” operations.

As quoted in the market news:

Such a move could provoke resistance from the Association of Mineworkers and Construction Union (AMCU), which last year led a five-month strike against Implats and rivals Lonmin Plc and Anglo American Platinum Ltd.

Unveiling the results of a strategic review that the company has said will include a pivot away from labour-intensive mining to mechanisation, the world’s No. 2 producer of platinum also said “the business may require additional funding in order to ensure the long-term strategic intent remains intact.”

Click here for the full Minweb report

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