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IMPLATS:  8,929   0 (0.00%)  01/01/1970 00:00

IMP - Implats - Work Stoppage at Impala Rustenburg

Release Date: 30/01/2012 16:11
Code(s): IMP
Wrap Text

IMP - Implats - Work Stoppage at Impala Rustenburg Impala Platinum Holdings Limited (Incorporated in the Republic of South Africa) (Registration No. 1957/001979/06) ISIN: ZAE000083648 JSE Share Code : IMP LSE Share Code : IPLA ADR Code : IMPUY ("Implats" or "the Company") WORK STOPPAGE AT IMPALA RUSTENBURG Implats wishes to advise that the majority of the mining workforce at its Impala Rustenburg operation have failed to report for duty today, Monday 30 January 2012. This follows on a work stoppage by the operation`s rock drill operators (RDO`s), who participated in an illegal work stoppage last week. The failure of the workforce to report for work this morning is due to an alternative union, known as the Association of Mineworkers and Construction Union (AMCU), who have, despite no formal process in place, attempted to gain recognition at the Rustenburg operation. The Company has applied and been granted a further Court interdict today declaring the strike illegal. The mining workforce will be given a deadline of 1 February 2012 to return to work or face dismissal. Further announcements will be made in due course. 30 January 2012 Johannesburg Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited Date: 30/01/2012 16:11:03 Supplied by www.sharenet.co.za Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited (`JSE`). The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct, indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on, information disseminated through SENS.

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