Union Brokers Meeting With Impala and Striking Miners

Reuters reported Impala Platinum (JSE:IMP) said it hopes union leaders will persuade miners at its Rustenberg platinum mine to go back to work.

As quoted in the market news:

There is no guarantee that a mass meeting called by the National Union of Mineworkers (NUM) will succeed in getting the mineworkers back on the job as many have grievances with NUM and may not listen to its leaders.

A violent labour dispute at the world’s largest single platinum mine has already cost Implats at least 80,000 ounces in lost output as the rival Association of Mineworkers and Construction Union tries to recruit from a workforce that has traditionally been aligned with NUM.

Click here to read the full Reuters report.