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    market news

    Unions Clash At Implats Mine

    Investing News Network
    May. 17, 2012 01:53PM PST
    Precious Metals

    Reuters reported Impala Platinum (JSE:IMP) has said rival unions have clashed at its mine in South Africa.

    Reuters reported Impala Platinum (JSE:IMP) has said rival unions have clashed at its mine in South Africa.

    As quoted in the market news:

    A turf war between the dominant National Union of Mineworkers (NUM) and the Association of Mineworkers and Construction Union (AMCU) shut the Rustenburg mine for six weeks earlier this year, costing Implats 120,000 ounces in lost production and pushing the spot price of platinum higher.

    Click here to read the full Reuters report.

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