Implats, NUM meet to resolve work stoppage

Impala Platinum and the National Union of Mineworkers (NUM) are meeting this afternoon in an attempt to resolve the 17-day "illegal" strike, which has cost the platinum producer R1.2 billion in lost revenue as of the February 14.

Articles

Implats spokesperson Alice Lourens told I-Net Bridge/BusinessLIVE that the company would meet with the union's representatives to communicate the way forward regarding the company's Rustenburg mine.

The platinum producer has to date re-employed 7,000 workers out of 17,200 staff who had been dismissed following their participation in the strike.

The strike was triggered by rock drill operators who demanded bonus increases, according to NUM spokesperson, Lesiba Seshoka.

Implats loses about 3,000 ounces of platinum production per day. "The situation on the ground is fairly quiet, with no incidents of violence reported," Lourens said.