Strike shuts down Implats mine in South Africa

Striking workers have shut down the operations at a Rustenburg mine owned by Impala Platinum Holdings Ltd. (JSE: IMP), reports Bloomberg.

About 3,000 employees didn't report for work at the No. 14 shaft on Monday in protest of the dismissal of one of their fellow workers, the company said.

Neither the Association of Mineworkers and Construction Union nor the National Union of Mineworkers have commented on the job action.

Implats, the world's second largest platinum producer, said in May that more of its mines are losing money as prices decline and costs rise.

Meanwhile, the South African government is considering bringing in peacekeeping forces to deal with ongoing tensions in the mining sector.