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Implats strike costs 2.4 billion rand

By on March 3, 2012

Impala Platinum has announced that an illegal strike at the Rustenburg operation will cost the company 120 000 ounces in lost platinum group metals production and 2.4 billion rand in lost revenue.

A senior executive at Implats, Johan Theron, declared that 15 000 of new mineworkers had been rehired but it was unclear when full production would be resumed.

Theron said “I don’t know how long it will take to get back to steady state production.”

Theron continued by saying “Our intention is to open all shafts but we will not be putting people back in all areas. Our focus is to get the productive areas up and running first and evaluate the restart of the more marginal areas later,”

Implats is the second largest platinum producer in the world and Implats’ Rustenburg operation is the world’s largest platinum mine.

The strike started as a dispute over bonuses given to only a part of the workforce and developed into a fight over union membership between the National Union of Mineworkers and a small rival the Association of Mineworkers and Construction Union.

The strike has caused the life of three people.

Implats dismissed 17 200 workers for their participation in the illegal strikes, which lasted for six weeks.


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