Implats losing R60m a day due to stike

Implats losing R60m a day due to stike

Impala Platinum Holdings' (Implats) operations in Rustenburg, North West, is losing production of 2800 ounces of platinum (R60 million in revenue) per day due to the strike by Amcu which is in its fifth week.


 "It's not easy for us... Impala simply cannot afford Amcu's demand of R12,500,"  CEO Terence Goodlace said on Thursday as the company released its interim results for December 2013.


"There is no winner during a strike of this nature."


Talks between the Association of Mineworkers and Construction Union and employers will continue at the Commission for Conciliation, Mediation, and Arbitration (CCMA) on Friday.


Implats has not taken any court action against Amcu, unlike Anglo-American Platinum (Amplats).


The platinum sector has been severely battered by the strike of mineworkers affiliated to Amcu.


The union's members at Lonmin, Amplats, and Implats downed tools last month demanding a R12,500 basic salary.


The CCMA has been brokering talks between the union and the companies since January 24.


Amplats is suing Amcu for almost R600m in damages it says is being caused by the strike.




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