/ 8 September 2009

Strike costs Implats 50 000 platinum ounces

Impala Platinum, supplier of a quarter of the world’s platinum, said on Tuesday it lost 50 000 ounces during a pay strike at its mines, but was confident it could supply its clients with the precious metal.

On Monday, the workers ended a two-week strike at the company’s biggest mine, Rustenburg, and resumed work during the night shift on Monday, and attendance on Tuesday was normal.

”Workers agreed to the wage offer, and have voted with their feet by going back to work,” Johan Theron, Impala Platinum’s group executive for human resources told Reuters.

”We lost 50 000 platinum ounces during the strike at Rustenburg and Marula.”

Rustenburg alone lost 48 000 ounces, he said. — Reuters