Impala Platinum Holdings Ltd. (IMPUY: OTC Link) | Update on Work Stoppage at Impala Rustenburg

Update on Work Stoppage at Impala Rustenburg

Mar 02, 2012

OTC Disclosure News Service

Johannesburg, South Africa –

A further meeting was held this morning with the NUM and a delegation of the rock drill operators in order to clarify elements of the re hiring process. Leaders of the illegal work stoppage would be re-engaged on their previous benefits and conditions providing they were not implicated in violence and intimidation.

 

The re-engagement process has progressed very well and by close of business 14 946 people had re-applied for their jobs.  This will allow production to commence from 05 March 2012.

 

Implats would like to thank the SAPS for their continued assistance during the past few weeks and trust that the commitment from the NUM and Rock Drill Operator leadership to return to work and desist from further work disruptions now marks the end of the violence and intimidation.

 

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=43219

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