Company Data
| Last traded |
R469.50 |
| Change |
R-6.45 |
| % Change |
-1.36% |
| Cumulative volume |
279,994 |
| Market cap |
R126.62bn |
| Last traded |
R133.90 |
| Change |
R-1.50 |
| % Change |
-1.11% |
| Cumulative volume |
1.78m |
| Market cap |
R84.59bn |
| Last traded |
R26.10 |
| Change |
R0.10 |
| % Change |
0.38% |
| Cumulative volume |
2.71m |
| Market cap |
R9.98bn |
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Johannesburg - Impala Platinum Holdings [JSE:IMP], the
world's second-largest producer of the precious metal, said on Monday it has
reached a two-year wage deal with the National Union of Mineworkers (Num),
averting a possible a strike at the miner.
Implats said the agreement was for increases of between 8.5%
to 10% for the first year, and 8% and 10% for the second year, depending on
worker category.
The company said the deal also applied to its operating
subsidiaries Impala Platinum and Marula Platinum.
Num had asked for 14% increases across the board.
The agreement is in line with wage settlements in South Africa’s
mining industries, including gold and coal, which have largely been in the 8%
to 10% range this year, or close to double the inflation rate.
Implats produces about 1.8 million ounces of platinum a year
or over a quarter of the global supply and so markets keenly monitor any
disruption to its operations.
Num is still engaged in wage talks with Northam Platinum [JSE:NHM].
Implats' bigger rival Anglo Platinum [JSE:AMS] made a
similar settlement with the union last month.