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Implats strike-hit operations still shut

Jan 25 2012 16:44 Reuters

Company Data

Impala Platinum Hlgs Ld [JSE : IMP]

Last traded R133.90
Change R-1.50
% Change -1.11%
Cumulative volume 1.78m
Market cap R84.59bn

Last Updated: 25/05/2012 at 19:32. Prices are delayed by 15 minutes. Source: McGregor BFA

 

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Johannesburg - Impala Platinum Holdings [JSE:IMP] said on Wednesday its Rustenburg operations remained shut as it started talks with union officials representing 5 000 workers it recently fired.

A spokesperson for the company provided no further details and officials with the National Union of Mineworkers (Num) were not immediately available for comment.

The drill operators downed tools over wages last Friday and the subsequent stoppages have been costing the company an estimated 3 000 ounces a day in lost production.

The company said on Tuesday it had started dismissing the workers because the strike action was declared illegal by a court.

 
 
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