{"id":8454,"date":"2012-03-01T02:45:08","date_gmt":"2012-03-01T00:45:08","guid":{"rendered":"http:\/\/www.myza.co.za\/03\/update-1-implats-to-restart-rustenburg-mine-from-march-5\/"},"modified":"2012-03-01T02:45:08","modified_gmt":"2012-03-01T00:45:08","slug":"update-1-implats-to-restart-rustenburg-mine-from-march-5","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-implats-to-restart-rustenburg-mine-from-march-5\/","title":{"rendered":"UPDATE 1-Implats to restart Rustenburg mine from March 5"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Adds details)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Feb 29 (Reuters) &#8211; Impala Platinum<br \/>\nHoldings Ltd said on Wednesday it would restart<br \/>\nproduction on March 5 and end a six-week shutdown at its<br \/>\nRustenburg mine, the world&#8217;s biggest platinum mine.<\/p>\n<p><span><\/span><\/p>\n<p>The strike ruled illegal by a court has cost the company<br \/>\n100,000 ounces in lost production, or 2 billion rand ($263.66<br \/>\nmillion) in lost income, and claimed the lives of three<br \/>\nmineworkers.<\/p>\n<p><span><\/span><\/p>\n<p>It has also cost workers about 2,200 jobs with the company<br \/>\nagreeing to only rehire 15,000 of the 17,200 dismissed for<br \/>\nstaying away.<\/p>\n<p><span><\/span><\/p>\n<p>The dispute revealed cracks in the leadership of the<br \/>\npowerful and politically connected National Union of Mineworkers<br \/>\n(NUM), one of the country&#8217;s largest unions.<\/p>\n<p><span><\/span><\/p>\n<p>The upstart Association of Mineworkers and Construction<br \/>\nUnion tried to enlist NUM members who had become disenchanted<br \/>\nwith the influential union many miners felt was too close to<br \/>\nmanagement and not concerned enough about the plights of<br \/>\nworkers.<\/p>\n<p><span><\/span><\/p>\n<p>The company said about 13,500 workers had so far reapplied<br \/>\nfor their jobs, and of those, more than 3,000 were rock drill<br \/>\noperators, vital to getting operations back on track.<\/p>\n<p><span><\/span><\/p>\n<p>The stay away started with a spat over pay increases awarded<br \/>\nto only part of the skilled workforce and ended in the strike<br \/>\nmarred by violence and intimidation that left more than 60<br \/>\ninjured.<\/p>\n<p><span><\/span><\/p>\n<p>Spot platinum prices have gained about 16 percent<br \/>\nsince the troubles at Rustenburg began on Jan. 12.<\/p>\n<p><span><\/span><\/p>\n<p>Shares in Implats gained 1.95 percent to 48.90 rand on<br \/>\nWednesday, outperforming the Johannesburg Stock Exchange&#8217;s Top<br \/>\n40 index, which closed 0.2 percent up.        \t<\/p>\n<p> (Reporting By Sherilee Lakmidas; Editing by Jon Herskovitz)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Adds details) JOHANNESBURG Feb 29 (Reuters) &#8211; Impala Platinum Holdings Ltd said on Wednesday it would restart production on March 5 and end a six-week shutdown at its Rustenburg mine, the world&#8217;s biggest platinum mine. The strike ruled illegal by a court has cost the company 100,000 ounces in lost production, or 2 billion rand [&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-8454","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\/8454","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=8454"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/8454\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=8454"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=8454"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=8454"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}