Impala Platinum to Lose 2,800 oz Platinum a Day During Strikes
24 January 2014 - 12:56AM
Dow Jones News
By Ian Walker
LONDON--Impala Platinum Holdings Ltd. (IMP.JO) said Thursday it
will lose about 2,800 ounces of platinum per day during a strike at
its operations in the Rustenburg region of South Africa.
Just 10% of miners were on the job Thursday, Impala said, adding
that it won't pay those taking part in the strike.
It urged the union involved to help ensure the walkout doesn't
turn violent. The mining company said it has received assurances
from Association of Mineworkers and Construction Union that it will
ensure discipline among its members.
"The company also remains committed to further engagement in an
effort to ensure a workable solution for all, which will secure the
sustainability of the business and preserve jobs as far as
possible," Impala said in a statement.
-Write to Ian Walker at ian.walker@wsj.com
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