ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for alerts Register for real-time alerts, custom portfolio, and market movers

IPLA Impala Platinum

266.36
0.00 (0.00%)
30 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Impala Platinum LSE:IPLA London Ordinary Share ZAE000083648 ORD ZAR0.025
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 266.36 0.00 01:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Update on Illegal Strike in Rustenburg

28/02/2012 3:00pm

UK Regulatory



 
TIDMIPLA 
 
Impala Platinum Holdings Limited 
 
(Incorporated in the Republic of South Africa) 
 
(Registration No. 1957/001979/06) 
 
ISIN: ZAE000083648 
 
JSE Share Code: IMP 
 
LSE Share Code: IPLA 
 
ADR Code: IMPUY 
 
("Implats" or the "Company") 
 
IMPLATS UPDATE ON ILLEGAL STRIKE IN RUSTENBURG 
 
Implats has previously communicated to shareholders about the illegal work 
stoppage at its Rustenburg mine. The strike has now entered its sixth week and 
Implats has lost 100,000 Pt oz which is equivalent to a loss of revenue of 
around R2 billion. 
 
Implats is working with the Department of Mineral Resources in order to resume 
production as soon as practically possible, but it is dependent on operational 
turnout of staff. The 15,800 employees who did not join the illegal work 
stoppage and the 9,800 who have re-applied for their positions are involved 
with mining activities such as cleaning, establishment, critical end 
development and making-safe in anticipation of resumption of production. Third 
party material deliveries continue to be processed as normal. 
 
Implats and the National Union of Mineworkers are encouraging dismissed 
employees to return to work by the deadline of Wednesday, 29 February 2012 for 
reinstatement at previous benefits and conditions, after which time normal 
recruitment procedures will apply on a first come first served basis. 
 
The financial information in this announcement has not been reviewed and 
reported on by the Company's auditors. 
 
Johannesburg 
 
28 February 2012 
 
Sponsor: Deutsche Securities (SA) (Proprietary) Limited 
 
 
 
END 
 

1 Year Impala Platinum Chart

1 Year Impala Platinum Chart

1 Month Impala Platinum Chart

1 Month Impala Platinum Chart