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Implats joins mining chamber

Aug 23 2012 14:38 Reuters

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Johannesburg - Impala Platinum Holdings [JSE:IMP] said on Thursday it had joined the country’s chamber of mines as a full member, a move that could see it eventually bargain collectively with other companies and stem a wave of labour unrest.

South Africa's platinum sector currently negotiates with unions on a company-by-company basis, leaving it exposed to an upstart and militant union that has recruited through the platinum belt by promising workers at individual firms it can cut better deals for them.


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