Third quarter production report
For the period 01 January to 31 March 2014
CEO Terence Goodlace commented: “Our good start to the financial year was severely impacted in the third quarter by the protracted wage strike at our Impala Rustenburg operation. Whilst all other operations maintained their strong safety and operational performances, production at Impala was significantly reduced due to the closure of the mine during the strike.
“We remain committed to finding a negotiated wage settlement that is both affordable and sustainable for the business, however, we expect the strike to constrain group performance for the remainder of the financial year. All other operations should continue to meet planned performance targets and the stockpiled concentrates from Marula, Mimosa and Two Rivers will be processed in the current quarter.
The wage offer that has been tabled as part of the wage negotiations with AMCU is fair in the current low platinum price environment. The human tragedy that is unfolding as a result of our employees not earning any income and the violence and intimidation being experienced on the platinum belt is devastating. Implats urges AMCU to moderate their demands and accept the fair wage offer. Employees should be allowed to return to work, while the leadership of AMCU and Impala can engage to find a long-term, viable solution for employees.”
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