Output hit as Atlatsa's mine set alight

Shutterstock [http://www.shutterstock.com]

Cape Town – Output at Atlatsa Resources' Bokoni mine in Limpopo has been hit on Monday as protestors blocked workers from entering the mine. 

According to Atlatsa's Prudence Lebina members of the surrounding community have set alight a timber yard at the mine, a joint venture between Toronto's Atlatsa Resources [JSE:ATL] and Anglo American Platinum [JSE:AMS].

Lebina, Head of Investor Relations, told Fin24 that the company is assessing the damage at the Bokoni mine and will give further details later. She couldn't say why they were protesting.

“Certain members of the surrounding community are disgruntled but as yet there has not been a list of demands,” she said, adding that an investigation has been launched.

According to Lebina hundreds of protesters blocked one of the main roads leading into the mine with burning tyres and rocks.

“Workers did not manage to get to the mine and the day shift could not go underground, only essential services. Police were deployed since last night and have the situation under control. No arrests have been made,” she said.

In March 2013 Amplats acquired two of Atlatsa's mining assets to inject capital into the miner as part of a R3.5bn restructuring process.

Bokoni is 49% owned by Amplats.

READ: Amplats in R1.7bn deal

ZAR/USD
16.98
(-0.23)
ZAR/GBP
21.23
(-0.06)
ZAR/EUR
19.15
(-0.17)
ZAR/AUD
11.80
(-0.12)
ZAR/JPY
0.16
(-0.25)
Gold
1774.31
(+0.03)
Silver
18.02
(-0.04)
Platinum
808.00
(+0.25)
Brent Crude
42.78
(-0.79)
Palladium
1914.01
(+0.62)
All Share
54521.90
(-0.17)
Top 40
50179.89
(-0.26)
Financial 15
10150.02
(-0.64)
Industrial 25
76554.73
(+0.52)
Resource 10
50138.02
(-1.24)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
I'm not really directly affected
17% - 1609 votes
I am taking a hit, but should be able to recover in the next year
23% - 2116 votes
My finances have been devastated
35% - 3174 votes
It's still too early to know what the full effect will be
25% - 2297 votes
Vote