Impala Platinum Holdings Ltd. (IMPUY: OTC Link) | SECOND UPDATE: WORK STOPPAGE BY ROCK DRILL OPERATORS AT IMPALA RUSTENBURG

SECOND UPDATE: WORK STOPPAGE BY ROCK DRILL OPERATORS AT IMPALA RUSTENBURG

Jan 26, 2012

OTC Disclosure News Service

Johannesburg, South Africa –

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”)

 

SECOND UPDATE: WORK STOPPAGE BY ROCK DRILL OPERATORS AT IMPALA RUSTENBURG

 

Implats wishes to advise that the rock drill operators (RDO’s), who participated in an illegal work stoppage and who failed to report for duty on Tuesday, 24 January 2012 have been dismissed.  These employees have been given the opportunity to reapply for their positions up until Friday, 27 January 2012.  As of this afternoon, approximately 15% have returned to work. 

 

The Company has engaged with the National Union of Mineworkers (NUM) to encourage RDO’s to return to work where their issues then can be dealt with in an appropriate forum.

 

Further announcements will be made in due course.

 

26 January 2012

Johannesburg

 

Issued by sponsor: Deutsche Securities (SA) (Proprietary) Limited

 

 

The above news release has been provided by the above company via the OTC Disclosure and News Service. Issuers of news releases and not OTC Markets Group Inc. are solely responsible for the accuracy of such news releases.

Article source: http://www.otcmarkets.com/stock/IMPUY/news?id=41748

Leave a Reply

WP Facebook Auto Publish Powered By : XYZScripts.com
Bunk Beds