Implats strike costs $322 million, 120,000 platinum ounces

March 2, 2012 ·

Note: (Says 15,000 mineworkers have been rehired. Would they be new workers or all of old? If not most of old workers... the nastiness will continue!)

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Impala Platinum said that a crippling illegal strike at its key Rustenburg operation has now cost it 120,000 ounces in lost platinum group metals production, which equates to 2.4 billion rand ($322 million) in lost revenue.

Johan Theron, a senior executive at Implats, also told Reuters on Friday that the operation was still set to reboot next week as almost 15,000 mineworkers have been rehired, but it remained unclear when full production would resume.