Deaths Weigh on Impala Targets as Platinum Prices Seen Weak
- Nine dead at mines in six incidents since July including fire
- Platinum inventories will make up for shortfall in production
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A spate of mining deaths and safety failures are preventing Impala Platinum Holdings Ltd. from achieving its output targets at a time when the second-biggest producer of the metal is under pressure from falling prices.
Impala revised production targets for the fiscal year ending June 2016 after nine workers died at mines in South Africa and Zimbabwe in six different accidents, including a fire at a shaft in Rustenburg in January that left a section of the mine unusable until July 2017.