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IMPUY Impala Platinum Holdings Ltd (QX)

4.90
0.00 (0.00%)
24 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Impala Platinum Holdings Ltd (QX) USOTC:IMPUY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 4.90 4.90 4.90 0.00 01:00:00

Impala Platinum to Lose 2,800 oz Platinum a Day During Strikes

23/01/2014 1:56pm

Dow Jones News


Impala Platinum (QX) (USOTC:IMPUY)
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From Jul 2019 to Jul 2024

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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

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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