implatsEWN reports that mining company Impala Platinum says it’s exploring all channels in a bid prevent job cuts at its Rustenburg operations.  

Earlier this week, the platinum producer announced that 2,500 jobs might be at risk after the mine failed to return to profitability for the fourth year in a row.  Implats cited low metal prices and increasing production costs as reasons for the possible cuts.  Spokesperson Johan Theron indicated:  "The length of time that metal prices have remained low, has now caught up with all those efforts but it doesn’t mean we’re going to stop paying attention to all those other mechanisms.  It just means that we now more robustly have to look at labour costs and how that can be optimized as well."  SA’s mining industry has shed close to 70,000 jobs since 2012 in the face of volatile prices, soaring costs, labour and social unrest and policy uncertainty.


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