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Strike at Crocodile River Mine is costing Eastern Platinum 210/oz of PGM production each day

Michael Allan McCrae | October 20, 2011 | 2:56 pm Africa 

Eastern Platinum (TSE:ELR), xxx, said that stike action by one of its mining contractors at the company’s flagship Crocodile River Mine is reducing mine output by 50%, which amounts to about 210 ounces of lost platinum group metal production each working day.

JIC Mining Services, one of the largest mining contractors in South Africa, and the National Union of Mineworkers have not yet reached an agreement. About 756 JIC employees working at CRM have joined the strike. Eastern Platinum says it is not involved in this dispute.

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