A return to full-year profits for Impala Platinum (Implats) sets the scene for tough wage negotiations for the world’s second-largest miner of the metal and its peers.

Implats said on Monday it returned to profit in the year to end-June, thanks partly to higher platinum group metals (PGM) prices. The company’s shares, which reached their best level in more than four years last week when they hit R76.94, closed 3.38% up at R74.85 on Monday.

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