Lost production is still adding up ! Platinum price will take over gold price very soon . My thoughts
Implats strike costs 120,000 oz, 2.4 billion rand Fri Mar 2, 2012 10:40am GMT Print | Single Page[-] Text [+] JOHANNESBURG, March 2 (Reuters) - Impala Platinum said that a crippling illegal strike at its key Rustenburg operation has now cost it 120,000 ounces in lost platinum group metals production, which equates to 2.4 billion rand ($322 million) in lost revenue. Johan Theron, a senior executive at Implats, also told Reuters on Friday that the operation was still set to reboot next week as almost 15,000 mineworkers have been rehired, but it remained unclear when full production would resume.
"I don't know how long it will take to get back to steady state production," Theron said.
PLA Price at posting:
8.0¢ Sentiment: Buy Disclosure: Held