{"id":13831,"date":"2012-08-23T15:09:24","date_gmt":"2012-08-23T13:09:24","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/corrected-update-2-violent-mining-strikes-could-spread-says-implats\/"},"modified":"2012-08-23T15:09:24","modified_gmt":"2012-08-23T13:09:24","slug":"corrected-update-2-violent-mining-strikes-could-spread-says-implats","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/corrected-update-2-violent-mining-strikes-could-spread-says-implats\/","title":{"rendered":"CORRECTED-UPDATE 2-Violent mining strikes could spread, says Implats"},"content":{"rendered":"

\t\t<\/span><\/p>\n

(Corrects dividend to 195 cents, not 60 cents)<\/span><\/p>\n

<\/span><\/p>\n

* Implats operations “stable” despite tensions at Lonmin<\/p>\n

<\/span><\/p>\n

* Cuts FY2013 capital by almost 1 billion rand<\/p>\n

<\/span><\/p>\n

* Targets FY2013 production of up to 1.55 million ounces<\/p>\n

<\/span><\/p>\n

JOHANNESBURG, Aug 23 (Reuters) – World No.2 platinum
\nproducer Impala Platinum has warned that industrial
\naction at South Africa’s platinum mines, resulting in the death
\nof workers at Implats and its rival Lonmin ,
\ncould become more widespread.<\/p>\n

<\/span><\/p>\n

A violent six-week strike at Implats’ Rustenburg operations
\nearly this year sliced 21 percent off its full-year production
\nand, combined with declining metals prices, led to a sharp cut
\nin its dividend, to 195 cents a share from 570 cents last year.<\/p>\n

<\/span><\/p>\n

“The platinum industry is experiencing increased levels of
\nindustrial action, as witnessed at both Impala Rustenburg at the
\nbeginning of this year and more recently at Lonmin, with the
\nassociated tragic loss of life. These developments pose a
\nsignificant risk to the industry,” said Implats’ newly installed
\nchief executive Terence Goodlace.<\/p>\n

<\/span><\/p>\n

Describing the labour relations at Implats’ operations as
\n“relatively stable”, Goodlace said the trade union rivalry that
\nsparked the strike at both its operations and Lonmin’s
\n was still “fairly volatile”.<\/p>\n

<\/span><\/p>\n

A bitter turf war between the entrenched majority National
\nUnion of Mineworkers (NUM) and rival Association of Mineworkers
\nand Construction Union (AMCU) has already spilled over to
\nsurrounding mines in the Rustenburg area and analysts are
\nworried about a contagion hitting gold producers.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

(Corrects dividend to 195 cents, not 60 cents) * Implats operations “stable” despite tensions at Lonmin * Cuts FY2013 capital by almost 1 billion rand * Targets FY2013 production of up to 1.55 million ounces JOHANNESBURG, Aug 23 (Reuters) – World No.2 platinum producer Impala Platinum has warned that industrial action at South Africa’s platinum […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-13831","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13831","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=13831"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13831\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13831"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13831"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13831"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}