Impala Platinum Expects Marula Mine Workers Back Tomorrow

Impala Platinum Holdings Ltd. (IMP), the second-largest producer of the metal, expects workers who walked out last week at its Marula mine to report for duty tomorrow.

“We are reasonably confident that they will return,” Johan Theron, a spokesman for Johannesburg-based Impala, said by phone. About 2,000 walked out on July 4. The company met with them today to discuss complaints that ranged from union representation to wages, Theron said.

The strike followed a five-month stoppage by at least 70,000 employees at other mines owned by Impala and shafts operated by Anglo American Platinum Ltd. (AMS) and Lonmin Plc. The walkout, which paralyzed most production sites in the country that is the world’s biggest supplier of mined platinum, ended June 24 when the companies signed a wage agreement with the Association of Mineworkers and Construction Union, or AMCU.

“They agreed in principle to raise the issues through formal channels,” Theron said of the group at Marula. “There were a whole bunch of things that they’re not happy with.”

The National Union of Mineworkers is the majority union at Marula, which produced 39,200 ounces of platinum, or 6 percent of Impala’s total mined output during the six months ended Dec. 31. Impala also runs the world’s largest platinum mine near Rustenburg, northwest of Johannesburg.

Employees can be fired under South African law for joining strikes that start before dispute processes have been exhausted.

To contact the reporters on this story: Andre Janse van Vuuren in Johannesburg at ajansevanvuu@bloomberg.net; Paul Burkhardt in Johannesburg at pburkhardt@bloomberg.net

To contact the editors responsible for this story: John Viljoen at jviljoen@bloomberg.net Ana Monteiro

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