Shaft Sinkers shines on Implats contracts

Shares of Shaft Sinkers surged after it announced new contracts with Impala Platinum for its underground mining operation on the Bushveld Complex in South Africa.

Shares of Shaft Sinkers surged after it announced new contracts with Impala Platinum for its underground mining operation on the Bushveld Complex in South Africa.

The firm, which specialises in shaft sinking and underground construction work, said the contracts with Impala are worth a total £47.8m and include £28.6m for the development of levels 21 to 24 of the Impala 16 ventilation shaft.

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