Angloplat platinum output steady

Angloplat platinum output steady

JOHANNESBURG – The world’s largest platinum producer Angloplat said on Friday output had not yet been hit by a widening work stoppage over wages that has already shut down number two Implats.

Workers have called strikes against the two companies, which together account for around two-thirds of the world’s supply of platinum, mainly used in jewellery and in catalytic converters to remove pollution from auto exhausts. Analysts have said platinum supplies were not likely to be immediately hit due to long supply pipelines, but platinum prices have gained on the news, chopping between a near six-week high at US$874 (N$5 594) and a low of US$843 last week.Angloplat and union officials disagreed on Friday how many workers had heeded the strike call issued late Thursday night after wage talks collapsed.”The strike should have started last night but the situation is still normal with the majority of our workers turning up for work.It has had no impact on production at this stage,” Angloplat spokesman Mike Mtakati said.But National Union of Mineworkers union official Archie Palane said all workers had observed the strike call except three operations where workers would only be informed on Friday morning.Angloplat has around 45 000 workers.The NUM says 25 000 of them are members, although the company said only 17 000 belonged to the union.-Nampa-ReutersAnalysts have said platinum supplies were not likely to be immediately hit due to long supply pipelines, but platinum prices have gained on the news, chopping between a near six-week high at US$874 (N$5 594) and a low of US$843 last week.Angloplat and union officials disagreed on Friday how many workers had heeded the strike call issued late Thursday night after wage talks collapsed.”The strike should have started last night but the situation is still normal with the majority of our workers turning up for work.It has had no impact on production at this stage,” Angloplat spokesman Mike Mtakati said.But National Union of Mineworkers union official Archie Palane said all workers had observed the strike call except three operations where workers would only be informed on Friday morning.Angloplat has around 45 000 workers.The NUM says 25 000 of them are members, although the company said only 17 000 belonged to the union.-Nampa-Reuters

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