Impala Platinum (Implats) has completed a strategic review aimed at restoring its Rustenburg operations on the western limb of South Africa’s Bushveld Complex to long-term sustainability and profitability. The planned restructuring is being implemented over a two-year period and will reduce Rustenburg’s operating shafts from 11 to six, reduce future production from 750,000 ounces per year (oz/y) of platinum currently to 520,000 oz/y, and reduce the labor complement (employees plus contractors) from about 40,000 to 27,000. In a phased approach, operations will cease at end-of-life and uneconomic shafts, with future mining focused on profitable, lower-cost, high-value, and longer-life assets.
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