Impala Platinum Holdings Limited - Work stoppage at some Impala Platinum shafts
(Incorporated in the Republic of South Africa)
(Registration No. 1957/001979/06)
JSE Share code: IMP
ISIN: ZAE 000003554
Work stoppage at some Impala Platinum shafts
Implats has confirmed that there is an unprotected work stoppage at the north
shafts (shafts 6, 7A, 7, 8, 12 and 14) at the company"s operations on the Impala
Lease Area in North West Province.
The stoppage involves approximately a third of the employees and relates to a
disagreement over new funeral benefits, which had recently been agreed to by the
National Union of Mineworkers ("NUM") and management. Management is meeting with
the NUM to resolve the matter.
At this stage the impact on production is minimal as the Mineral Processes
operation is processing ore from the southern operations and the stockpile.
Further announcements will be made in due course.
For further queries:
(011) 481 3936 (Tel)
082 574 3014 (Cell)
082 576 6376 (Cell)
Issued by Sponsor:
Deutsche Securities (SA) (Proprietary) Limited