Impala Platinum

Impala Platinum Holdings Limited (Implats) is in the business of mining, refining and marketing of platinum group metals (PGMs), as well as nickel, copper and cobalt. In the 2009 financial year, Implats produced 1.7Moz of platinum (approximately 25% of global supply) and 3.4Moz of PGMs. The group employs approximately 53,000 people (including contractors) across its operations and is one of the most efficient and lowest cost primary platinum producers in the world. The company is listed on the Johannesburg Stock Exchange and the LSE.

In March 2011, the government of Zimbabwe implemented laws which required local ownership of mining companies; following this news, there were falls in the share prices of companies with mines in Zimbabwe, including Implats.

In late January 2014 thousands of employees belonging to Impala Platinum and other platinum mines in South Africa went on strike, demanding a basic salary of R12,500 ($1,180). This is the same salary for which striking miners were shot and killed by the South African Police Service (SAPS) in 2012. Most of the miners belonged to the miners' union 'AMCU' which South African politician and Commander in Chief of the Economic Freedom Fighters had vowed to sponsor in order to allow the miners to continue striking. The platinum miners were mainly based in Marikana, the town in which Malema jump started his political party and gained popularity with most of the miners.

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Latest News for: impala platinum

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Implats warns of 'bumpy' PGM market amid South African mining challenge

Independent online (SA) 21 Jan 2025
Impala Platinum (Implats) expects the outlook for platinum group metals (PGMs) to remain challenging in the short term, especially as lower prices persist, forcing South Africa miners of the precious ...
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South African PGM production set to shape global supply outlook in 2025

Independent online (SA) 27 Nov 2024
South African platinum group metals (PGM) producers will influence global refined supply, which is expected to firm up by 1% next year, with Northam Platinum, Impala Platinum (Implats) and others holding excess inventory.
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BROKERS’ NOTES: Buy Boxer, sell PGM miners

Business Day 21 Nov 2024
Platinum group metal (PGM) miners Impala Platinum, Anglo American Platinum, Northam Platinum and Sibanye-Stillwater have rallied hard from their lows as PGM prices bounced, partly driven by China’s ...
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Zimbabwe lines up eight power plants to plug crippling electricity outages

Independent online (SA) 20 Nov 2024
Zimplats, a unit of Impala Platinum, is constructing a 180MW solar power plant in Chegutu near its operations while cement-producer PPC is constructing a 20MW solar plant at its Colleen Bawn operation ... BUSINESS REPORT .
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Zimbabwean businesses grapple with severe power outages as energy crisis deepens

Independent online (SA) 04 Nov 2024
Mining companies, including units of Impala Platinum, Anglo American Platinum and Sibanye-Stillwater, have also been losing production time and revenue due to the power outages ... BUSINESS REPORT .
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News24 | Implats reports production slip amid pressure from safety stoppages, Canada

News24 30 Oct 2024
Shares of Impala Platinum fell more than their major peers on Wednesday after the platinum group metals miner reported a 9% fall in saleable production for its first quarter to end September ... .
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Implats optimistic of PGM outlook, with Zimbabwe units on strong footing

Independent online (SA) 30 Oct 2024
Impala Platinum’s units in Zimbabwe are on firm footing, with its majority owned Zimplats set to benefit from improved processing capacity and the Mimosa joint venture operation with ...
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Implats’ first-quarter production falls

Business Day 30 Oct 2024
Impala Platinum has reported lower production for the quarter to end-September, reflecting guided changes in operational parameters at several group assets and the effect of furnace commissioning at Zimplats.
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Northam Platinum secures robust liquidity profile despite low PGM prices

Independent online (SA) 16 Oct 2024
The group significantly reduced its net debt position to R3.3bn, following the receipt of R12.1bn in cash from the sale of its shares in Royal Bafokeng Platinum Limited and Impala Platinum Holdings Limited.”.
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Eastplats' game-changing move: From tailings to PGM powerhouse

Independent online (SA) 08 Oct 2024
“This produced a concentrate containing approximately 1 300 ounces of PGM 6E metals, which was delivered to Impala Platinum Limited (Implats) under the existing offtake agreement between the company’s ...
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2024 GRI Report (Impala Platinum Holdings Limited)

Public Technologies 08 Oct 2024
https.//www.linkedin.com/company/impala-platinum/ ... Impala Platinum Holdings (Implats) ... Impala Platinum Holdings Limited published this content on October 08, 2024, and is solely responsible for the information contained herein.

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