South Africa: Surging Metals Prices Help Implats Halt Shaft Closures, 12,500 Layoffs

[Daily Maverick] Surging platinum group metals prices, notably for palladium and rhodium, and operational improvements have helped stave off shaft closures at Rustenburg that had been planned by Impala Platinum. It would be premature to say the jobs bloodbath in the mining industry is over, but it is finally being stemmed.