Impala Platinum Holdings Ltd. is considering the mechanization of its Leeuwkop project in South Africa as a more profitable option that would support output goals set by the world’s second-biggest producer of the metal.
The largest platinum producers said an eight-week strike by members of the biggest union at their South African operations started causing irreversible damage to the mines, with sales losses exceeding $925 million.
Impala Platinum Holdings Ltd., the South African producer whose main Rustenburg mine was halted by a battle for control between labor unions, expects to say next week how many members each of the unions now has.
The largest labor union at Impala Platinum Holdings Ltd. cut its wage-increase demand by 31 percent as the parties worked toward avoiding a possible strike, the world’s second-largest producer of the metal said.
The largest union at Impala Platinum Holdings Ltd.’s South African mines got permission to strike after a mediator failed to resolve a deadlock over wages between the labor group and the world’s second-largest producer.
The National Union of Mineworkers, which used to speak for the most employees at Impala Platinum Holdings Ltd., has “some way to go” before regaining recognition at the second-biggest producer, the company said.