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Impala Platinum Holdings Ltd.’s Zimbabwean unit is offering staff voluntary redundancy packages to cut costs because of anemic metal prices.
Impala, known as Implats, and its PGM mining peers have already cut thousands of jobs in neighboring South Africa – which accounts for about 70% of global platinum output. The four largest producers have all recently released sobering earnings reports, with profits battered by a sharp slump in metals prices since the start of last year.
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