South Africa's Impala Platinum on Tuesday reported a strike at part of its recently acquired Bafokeng operations in Rustenburg, which it said mostly involves contractors demanding permanent positions.
July 2 - South Afr ica's Impala Plat inum on Tuesday reported a strike at part of its recently acquired Bafokeng operations in Rustenburg, which it said mostly involves contractors demanding permanent positions.
"Impala Platinum is closely monitoring an illegal work stoppage, which began on Thursday 27 June 2024, at the North Shaft of Impala Bafokeng's BRPM operation in the North West province," the miner said in a statement. The company said it had obtained a court order against the job boycott. "The longer-term impact of this illegal strike poses a risk to sustainable employment, particularly given Impala Bafokeng’s recent underperformance," Impala said.Prices of platinum - mostly used by automakers to curb toxic emissions - fell sharply amid concerns over weak global economic growth and destocking by manufacturers who built up inventories during Russia's invasion of Ukraine.
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