HomeNewsImpala lost 50 000 ounces

Impala lost 50 000 ounces

Impala Platinum’s
Marula mine
Johannesburg, South Africa — MININGREVIEW.COM — 08 September 2009 – Impala Platinum (Implats) “’ supplier of a quarter of the world’s platinum “’ revealed today that it had lost 50 000 ounces during the strike at its mines which ended last night, but said it was confident it could supply its clients with the precious metal.

Workers ended a two-week strike at Rustenburg “’ the biggest mine owned by the world’s No. 2 platinum producer “’ and resumed work during yesterday’s night shift.

Reuters reports that concern over a potential sector-wide strike in the South African platinum industry receded after union negotiators agreed in principle to a wage offer from Anglo Platinum “’ the world’s top producer of the metal “’ and said it would recommend the offer to members.

Implats said workers’ attendance at its Rustenburg mine today was normal, and production was set to resume soon after the mining areas had been made safe to operate in, following days of work stoppage
“Workers agreed to the wage offer, and have voted with their feet by going back to work,” Implats group executive for human resources Johan Theron told Reuters. “We lost 50 000 platinum ounces during the strike at Rustenburg and Marula.”

Theron added that the working areas in the Rustenburg mine needed to be made safe, before actual mining could restart.

He said that although the company’s stocks had been badly affected, it hoped to meet its clients’ needs. “Our stocks have been severely impacted by the strike, but we are confident we can manage to meet supply,” he explained.

Theron pointed out that by staging a prolonged strike, the workers “’ who were represented by the National Union of Mineworkers (NUM), the country’s biggest union “’ had lost most of the 10% pay increase they received, because the strike was held under the “no work, no pay” rule.