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Zimplats, the 87 percent-owned subsidiary of Implats, South Africa's second largest platinum miner, is currently the only operation in the group that is producing platinum for sale, according to the South African daily, Business Day. The paper said all the other mines had either been shut down because of a strike by the Association of
The conveyance lift disaster at Impala Platinum, which killed 13 miners, will be most acutely felt in the Eastern Cape and Lesotho.
The deep-level shaft in which a cage hoisting miners to the surface suddenly plunged on November 27 will remain closed 'while internal investigations and inquiries' are completed, Implats, said in a statement.
In a statement released on Wednesday, the mine said that one worker who was hospitalised succumbed to his injuries.
In the most vivid example to date of the reversal in the fortunes of platinum group metals (PGMs) producers, Royal Bafokeng Platinum (RBPlat) posted a loss for the six months to June. A highly coveted asset that was the target of a bruising takeover battle, its woes highlight how price swings a...