{"id":13843,"date":"2012-08-24T03:08:37","date_gmt":"2012-08-24T01:08:37","guid":{"rendered":"http:\/\/www.myza.co.za\/08\/update-3-implats-says-south-africa-labour-unrest-huge-risk\/"},"modified":"2012-08-24T03:08:37","modified_gmt":"2012-08-24T01:08:37","slug":"update-3-implats-says-south-africa-labour-unrest-huge-risk","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-3-implats-says-south-africa-labour-unrest-huge-risk\/","title":{"rendered":"UPDATE 3-Implats says South Africa labour unrest huge risk"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* FY headline EPS drop 38 pct to 685 cents from 1,105 cents<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Production down 21 percent at 1.45 million ounces<\/p>\n<p><span><\/span><\/p>\n<p>* Cuts dividend to 195 cents a share from 570 cents<\/p>\n<p><span><\/span><\/p>\n<p>* Platinum producers discuss collective bargaining<\/p>\n<p> (Adds details throughout and analyst quotes)<\/p>\n<p><span><\/span><\/p>\n<p>By Sherilee Lakmidas<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, Aug 23 (Reuters) &#8211; Industrial unrest at South<br \/>\nAfrica&#8217;s platinum mines, resulting in the death of workers at<br \/>\nImplats and rival Lonmin , is increasing the<br \/>\nrisks facing the sector as it grapples with low prices and<br \/>\nrising costs, a senior executive said.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;We are walking a tightrope,&#8221; said Terence Goodlace, newly<br \/>\ninstalled chief executive at world No.2 platinum producer Impala<br \/>\nPlatinum (Implats).<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;These developments pose a significant risk to the industry<br \/>\n&#8230; At this point we believe we have a measure of stability, but<br \/>\nit is unreasonable to say nothing will happen to us,&#8221; Goodlace<br \/>\nsaid on Thursday, at a presentation on the company&#8217;s results<br \/>\nwhich showed a 38 percent drop in headline earnings to 685 cents<br \/>\nper share from 1,105 cents.<\/p>\n<p><span><\/span><\/p>\n<p>The South African platinum industry has been hit by a wave<br \/>\nof labour unrest, first at Implats&#8217; Rustenburg operations at the<br \/>\nstart of this year and more recently at Lonmin, which led to<br \/>\npolice killing 34 striking miners in a hail of bullets last<br \/>\nweek.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* FY headline EPS drop 38 pct to 685 cents from 1,105 cents * Production down 21 percent at 1.45 million ounces * Cuts dividend to 195 cents a share from 570 cents * Platinum producers discuss collective bargaining (Adds details throughout and analyst quotes) By Sherilee Lakmidas JOHANNESBURG, Aug 23 (Reuters) &#8211; Industrial unrest [&hellip;]<\/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-13843","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\/13843","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=13843"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/13843\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=13843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=13843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=13843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}