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    market news

    Implats: Union Turf War Likely to Hit Profits

    Investing News Network
    May. 25, 2012 11:50AM PST
    Precious Metals

    Reuters reported an ongoing shutdown at Impala Platinum’s (JSE:IMP) mines due to a union battle is likely to drop profits in the next quarter.

    Reuters reported an ongoing shutdown at Impala Platinum’s (JSE:IMP) mines due to a union battle is likely to drop profits in the next quarter.

    As quoted in the market news:

    Implats said in a statement on Wednesday afternoon that it was confident the workers would return for their shifts at the Rustenburg mine soon, though an extended disruption would impact its bottom line.

    Click here to read the full Reuters report.

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