Wildcat platinum strikes drive down Implats' Q1 production - CNBC Africa

Wildcat platinum strikes drive down Implats' Q1 production

Mining

by Trust Matsilele 0

Wildcat platinum strikes deal a blow to Impala Q1 production. PHOTOS: thinkafricapress/Implats

The group reported that production had decreased to 280,000 ounces, compared to 376,000 ounces achieved in the previous corresponding period.

“This was primarily due to lower production at Impala Rustenburg as it ramps-up operations following the five-month wage strike which ended in June 2014,” said [DATA IMP:Impala Platinum Holdings Limited].

“Lower production from Zimplats, impacted by the Bimha Mine safety closure, and safety and industrial action stoppages at Marula, also impacted production.”

(READ MOREImplats announces closure of Bimha mine)

The group reported a surge in platinum production at Mimosa by 11 per cent, while Two Rivers maintained production levels at 44,000 platinum ounces.

Impala Refining Services (IRS) throughput increased by 11 per cent largely due to the timing of the treatment of stockpiled material.

“Mill throughput decreased by 57 per cent to 1.29 million tonnes during the period, compared to 3.0 million tonnes in the prior corresponding period,” said the mining group.

“This was a result of the operational re-start and ramp-up following the protracted wage strike. Refined platinum production declined by 59 per cent to 79 000 ounces in line with the lower milled production, compared to 195,000 ounces in the prior corresponding quarter.”

The group said it regrets four employees and one contractor who passed away during the quarter in work-related incidents.

“Four of the fatal incidents occurred at Impala Rustenburg and one at Marula. The board of directors and the management team have extended their sincere sympathies to the family, friends and colleagues of those that have passed away.”

(READ MORES.Africa’s Implats says Marula mine wildcat strike continues)

The Lost Time Injury Frequency Rate (LTIFR) across the Group improved by 33 per cent during the review period (2.61 per million man hours worked compared to 3.92 achieved in the 2014 financial year).

“Safe production remains our priority and is a key component in delivering on the company’s strategic objectives,” added the group.

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