Bloomberg writes that protests at Impala Platinum’s Marula mine on the eastern limb of the Bushveld Complex and low metal prices have led the platinum producer to start a reorganisation process that could lead to more than 1,000 job losses.
The DMR and relevant labour unions have been contacted and all parties will work together to minimise the impact of the plan on employment, the company said in a statement on Wednesday. Impala expects the negotiation process to be completed by the end of June. Marula employs almost 4,400 workers and contractors. The protest action that has led to the reorganisation is related to community dissatisfaction with the way its 50% interest in the Makgomo Chrome project is being managed. Chrome is a waste product of platinum. Marula’s production was also affected by the closing of a hybrid mining section at one of the shafts.
- Read this report by John Bowker in full at Business Report
- Read too, Job losses loom at troubled Marula, says Implats, at Mining Weekly
- Read Implats’ press statement at Sharenet (scroll down to Marula)
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