{"id":9807,"date":"2012-04-11T04:04:32","date_gmt":"2012-04-11T02:04:32","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/update-1-modikwa-platinum-loses-21000-ounces-to-strike\/"},"modified":"2012-04-11T04:04:32","modified_gmt":"2012-04-11T02:04:32","slug":"update-1-modikwa-platinum-loses-21000-ounces-to-strike","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-1-modikwa-platinum-loses-21000-ounces-to-strike\/","title":{"rendered":"UPDATE 1-Modikwa Platinum loses 21,000 ounces to strike"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>(Adds detail and background)<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, APRIL 10 &#8211; Modikwa Platinum Mine, which is a<br \/>\njoint venture between Anglo American Platinum and<br \/>\nAfrican Rainbow Minerals, on Tuesday said it had lost<br \/>\nup to 21,000 platinum group ounces to a three-week strike at the<br \/>\noperation.<\/p>\n<p><span><\/span><\/p>\n<p>This equates to 6 percent of the mine&#8217;s 350,000-ounce annual<br \/>\nplatinum group metal production.<\/p>\n<p><span><\/span><\/p>\n<p>The strike by about 3,000 mineworkers at the mine, located<br \/>\nalong the border between the Mpumalanga and Limpopo provinces of<br \/>\nSouth Africa, has now been called off.<\/p>\n<p><span><\/span><\/p>\n<p>African Rainbow Minerals said the legal strike over wages<br \/>\nhad been resolved with a two-year pay agreement with the<br \/>\nNational Union of Mineworkers. Details of the agreement were not<br \/>\nimmediately disclosed.<\/p>\n<p><span><\/span><\/p>\n<p>Striking employees are expected to return to work on<br \/>\nWednesday.<\/p>\n<p><span><\/span><\/p>\n<p>Impala Platinum, the world&#8217;s second largest<br \/>\nproducer of the precious metal, lost 120,000 ounces earlier this<br \/>\nyear to a six-week illegal strike at its Rustenburg operations.<\/p>\n<p><span><\/span><\/p>\n<p>Shares in Amplats closed 3 percent lower at 515 rand while<br \/>\nAfrican Rainbow Minerals&#8217; shares ended one percent down at<br \/>\n175.74 rand, both underperforming the JSE&#8217;s All Share Index,<br \/>\nwhich closed 0.35 percent lower on the day.<\/p>\n<p><span><\/span><\/p>\n<p>Spot platinum was trading at $1,583 an ounce after<br \/>\nthe Johannesburg market close.<\/p>\n<p><span><\/span><\/p>\n<p>(Reporting by Sherilee Lakmidas, editing by Ed Stoddard)<\/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 detail and background) JOHANNESBURG, APRIL 10 &#8211; Modikwa Platinum Mine, which is a joint venture between Anglo American Platinum and African Rainbow Minerals, on Tuesday said it had lost up to 21,000 platinum group ounces to a three-week strike at the operation. This equates to 6 percent of the mine&#8217;s 350,000-ounce annual platinum group [&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-9807","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\/9807","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=9807"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/9807\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=9807"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=9807"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=9807"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}