Johannesburg - Impala Platinum Holdings [JSE:IMP] (Implats) operations in Rustenburg, North West, is losing production of 2 800 ounces of platinum (R60m in revenue) per day due to the strike by Association of Mineworkers and Construction Union (Amcu) which is in its fifth week, CEO Terence Goodlace said on Thursday.
"It's not easy for us... Impala simply cannot afford Amcu's demand of R12 500," he said as the company released its interim results for December 2013.
"There is no winner during a strike of this nature."
Talks between Amcu and employers will continue at the Commission for Conciliation, Mediation, and Arbitration (CCMA) on Friday.
Implats has not taken any court action against Amcu, unlike Anglo American Platinum (Amplats).
The platinum sector has been severely battered by the strike of mineworkers affiliated to Amcu.
The union's members at Lonmin, Amplats and Implats downed tools last month demanding a R12 500 basic salary.
The CCMA has been brokering talks between the union and the companies since January 24.
Amplats is suing Amcu for almost R600m in damages it says is being caused by the strike.