Sector: Basic Materials
The company is available at Interactive Brokers
Impala Platinum Holdings Limited (JSE:IMP), 'Implats' is a leading producer of platinum group metals (PGMs) structured around six mining operations and Impala Refining Services, a toll refining business. The company's operations are located on the Bushveld Complex in South Africa, the Great Dyke in Zimbabwe – the two most significant PGM-bearing ore bodies in the world – and the Canadian Shield, an igneous domain for PGMs.
Implats markets and sells its products in South Africa, Japan, China, the US and Europe. The metals the company produces are the key to making many industrial, medical, and electronic items, and they contribute to a cleaner, greener world.
Operations overview:
Impala
Impaa, Implats’ 96%-owned primary operational unit, has operations on the western limb of the world-renowned Bushveld Complex near Rustenburg in South Africa. This operation comprises a 10-shaft mining complex and concentrating and smelting plants. The base and precious metal refineries are in Springs, east of Johannesburg.
Zimplats
Zimplats is 87% owned by Implats and it is situated on the Zimbabwean Great Dyke south-west of Harare. Zimplats operates four underground mines and a concentrator at Ngezi. The Selous Metallurgical Complex (SMC), located 77 kilometres north of the underground operations, comprises a concentrator and a smelter.
Marula
Marula is 73% owned by Implats and is one of the first operations to have been developed on the relatively under-exploited eastern limb of the Bushveld Complex in South Africa. Marula is in the Limpopo province, some 50 kilometres north west of Burgersfort.
Mimosa
Mimosa is jointly held by Implats and Sibanye. It is located on the Wedza Geological Complex on the Zimbabwean Great Dyke, 150 kilometres east of Bulawayo. Mimosa comprises a shallow underground mine, accessed by a decline shaft, and a concentrator.
Two Rivers
Two Rivers is a joint venture between African Rainbow Minerals (54%) and Implats (46%). The operation is on the southern part of the eastern limb of the Bushveld Igneous Complex, 35 kilometres south-west of Burgersfort in Mpumalanga, South Africa.
IRS
Impala Refining Services (IRS) was created in July 1998 as a dedicated vehicle to house the toll refining and metal concentrate purchases built up by Implats. IRS is situated in Springs, 35 kilometres east of Johannesburg. IRS provides smelting and refining services through offtake agreements with Group companies (except Impala) and third parties.
Impala Canada
Impala Canada, 100% owned by Implats, is the world’s only pure play palladium producer. Impala Canada owns and operates the Lac des Iles Mine northwest of Thunder Bay, Ontario, Canada and has ownership in two Canadian exploration properties, the Sunday Lake Project and the Shebandowan Joint Venture. Lac des Iles, in operation since 1993, features a unique ore body, modern infrastructure, advanced new underground technologies and a world-class exploration portfolio that features several promising greenfield opportunities. The operation expands Implats’ footprint onto the Canadian Shield, a prominent layered igneous complex domain for PGMs.
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Vodacom Group said on Monday that one of its longest-serving directors, David Brown, passed away at the weekend.
2022-06-20 12:21 +02:00
South African businesses have had to respond to the coronavirus and lockdown restrictions since March. At the same time, the country’s economy is in crisis. Here’s how companies are coping.
2020-09-18 07:20 +02:00JSE:AGL JSE:AMS JSE:FSR JSE:MTN JSE:SBK JSE:VOD JSE:IMP JSE:SSW JSE:ABG JSE:SHP JSE:NED JSE:PPH JSE:AVI JSE:SPG JSE:MSM JSE:SUI
President Cyril Ramaphosa cut short a trip abroad to deal with an escalating crisis at the state power company, as week-long blackouts threaten to tip the economy into recession.
2019-12-11 06:10 +02:00
It’s not even the end of the first quarter and already there’s a plethora of once-significant South African companies that have either collapsed or had their share prices hit the wall.
2019-03-13 12:59 +02:00JSE:AGL JSE:AMS JSE:IMP JSE:APN JSE:SNH JSE:JSE JSE:BLU JSE:EOH JSE:TON
JOHANNESBURG (Reuters) -Impala Platinum on Tuesday temporarily halted operations at its Rustenburg mining complex in South Africa after 11 workers died and 75 were injured in what the CEO said was "the darkest day" in the company`s history.
2023-11-28
JOHANNESBURG (Reuters) -Impala Platinum said on Tuesday it had temporarily halted operations at its Rustenburg mining complex in South Africa after 11 workers died in an incident at one of its underground shafts.
2023-11-28
South Africa`s Impala Platinum will reduce planned spending across its business to reflect current low metal prices, the company said on Tuesday.
2023-10-31JOHANNESBURG (Reuters) -Anglo American Platinum`s CEO said he expected the low metal prices companies in South Africa are currently grappling with to persist, and he was aligning the business for the possibility that they would not rise for some time.
2023-10-05Anglo American Platinum`s CEO said he expected the low metal prices companies in South Africa are currently grappling with to persist, and he was aligning the business for the possibility that they would not rise for some time.
2023-10-05
JOHANNESBURG (Reuters) -Sibanye Stillwater, South Africa`s biggest mining sector employer, may be forced to close some loss-making shafts, its CEO told Reuters, adding job cuts in platinum mining had become inevitable as prices of the precious metals fall.
2023-10-04
At least three South African miners are in the running to buy Botswana`s Khoemacau copper mine that is home to one of Africa`s largest copper deposits, several sources told Reuters, as growing demand for the metal ensures strong competition for the sought-after asset.
2023-09-05South African miners have increased their efforts to bring on new solar and wind generation, renewables company JUWI said, as they seek to cut costs and emissions and address an electricity crisis that has hit their output and the wider economy.
2023-06-27
South Africa`s output of platinum group metals (PGM) should rebound in 2024 as the country starts to recover from a power crisis that will cut its production by as much as 20% this year, Neal Froneman, CEO of miner Sibanye Stillwater, said.
2023-06-15
JOHANNESBURG (Reuters) -South Africa`s Northam Platinum has terminated its offer to buy Royal Bafokeng Platinum, citing low prices of platinum group metals (PGM) as it ended a year-long takeover battle with bigger rival Impala Platinum.
2023-04-05
South Africa`s Northam Platinum has terminated its offer to buy Royal Bafokeng Platinum, citing low prices of platinum group metals (PGM) as it ended a year-long takeover battle with bigger rival Impala Platinum.
2023-04-05
South Africa`s Public Investment Corporation (PIC) will soon announce whether it will back one of the two companies that have vied to acquire platinum group metals (PGM) producer Royal Bafokeng Platinum for over a year, Implats CEO said on Thursday.
2023-03-02
(Reuters) -South Africa`s Public Investment Corporation (PIC) will soon announce whether it will back one of the two companies that have vied to acquire platinum group metals (PGM) producer Royal Bafokeng Platinum for over a year, Implats CEO said on Thursday.
2023-03-02
(Reuters) -Impala Platinum`s shares fell more than 5% on Thursday after the South African miner reported a 2.1% drop in half-year profit, saying power cuts and a furnace rebuild had hit platinum group metal (PGM) production.
2023-03-02
(Reuters) -South Africa`s Impala Platinum reported a 2.1% drop in half-year profit on Thursday as power cuts and a furnace rebuild hit smelter operations, lowering platinum group metal (PGM) production.
2023-03-02South Africa`s Northam Platinum on Monday raised the cash part of its takeover offer for Royal Bafokeng Platinum by 7 billion rand ($398 million), to try to increase its appeal against a rival bid from Impala Platinum.
2022-12-12
(Reuters) -South Africa`s Royal Bafokeng Platinum said on Wednesday that an independent board will appoint an expert to evaluate Northam Platinum`s takeover bid, which rivals an offer by Impala Platinum.
2022-11-09
South Africa`s Royal Bafokeng Platinum said on Wednesday that an independent board will appoint an expert to evaluate Northam Platinum`s takeover bid, which rivals an offer by Impala Platinum.
2022-11-09
(Reuters) -South Africa`s Northam Platinum`s shares fell on Wednesday after the company made a formal offer to acquire mid-tier miner Royal Bafokeng Platinum, escalating a takeover battle with bigger rival Impala Platinum.
2022-11-09
South Africa`s Northam Platinum`s shares fell on Wednesday after the company made a formal offer to acquire mid-tier miner Royal Bafokeng Platinum , escalating a takeover battle with bigger rival Impala Platinum.
2022-11-09
South Africa`s Northam Platinum on Wednesday presented a formal offer to acquire mid-tier miner Royal Bafokeng Platinum, escalating a takeover battle with bigger rival Impala Platinum.
2022-11-09
South Africa`s Tharisa Plc plans to spend $391 million on developing a 194,000 ounce per year platinum group metal (PGM) mine in Zimbabwe, chief executive Phoevos Pouroulis said on Wednesday.
2022-10-12
South Africa`s Northam Platinum Holdings posted a 60% jump in half-year profit on Thursday, as firmer platinum group metal (PGM) prices helped offset a dip in production that was caused by work stoppages and COVID-19 absenteeism.
2022-03-31JOHANNESBURG (Reuters) -South Africa is close to reaching a five-year target for new investment, President Cyril Ramaphosa said on Thursday as he sought to drum up further backing for the pandemic hobbled economy.
2022-03-24
* New investments span manufacturing, mining, pharma sectors (Updates with new investment figures, additional quote from Ramaphosa)
2022-03-24Australian and South African miners are exploring ways to supply coal and metals consumers in Europe scrambling for alternative sources to Russian supply, but logistics and cost constraints make it difficult to rapidly boost output, companies said.
2022-03-09
JOHANNESBURG (Reuters) -South African miner Impala Platinum Holdings Ltd posted a 123% surge in full-year profit on Thursday, boosted by higher prices of platinum group metals and increased output.
2021-09-02
South Africa`s rand recovered from early losses on Monday, with concerns over rising COVID-19 infections setting a cautious tone in global markets ahead of the U.S. Federal Reserve`s meeting this week.
2021-07-26
South African miner Northam Platinum reported a surge in half-year profit on Friday and said it plans to accelerate capital spending to boost output and take advantage of rising metals prices.
2021-03-19
South African miner Northam Platinum reported on Friday a surge in interim profit, driven by higher metals prices, and unveiled plans to accelerate its capital expenditure in the second half of the year.
2021-03-19
South African miner Royal Bafokeng Platinum reported on Tuesday an almost 30-fold jump in annual profit, driven by higher platinum prices, increased output and a weak rand exchange rate.
2021-03-09
South Africa`s Impala Platinum (Implats) on Thursday posted a four-fold increase in headline earnings and declared a bumper interim dividend, as higher metals prices and a weaker rand exchange rate boosted its profit.
2021-02-25
* Looks to add 360,000 ounces to output (Recasts with plan to boost output, adds share price)
2021-02-25
Underground production at AngloGold Ashanti`s Mponeng mine in South Africa will remain closed until further notice after 53 employees tested positive for the coronavirus, a provincial health department said in a statement on Sunday.
2020-05-24
South Africa`s mines ministry on Tuesday published safety rules for mines operating during the coronavirus pandemic and said failure to implement them would be a criminal offence.
2020-05-19
South Africa`s Impala Platinum said on Saturday it would temporarily close its Marula mine after detecting 19 coronavirus cases among workers reporting back for duty at the site in northern Limpopo province.
2020-05-16
South Africa`s Impala Platinum (Implats) has cut its output and capital expenditure guidance for 2020 after production losses during a nationwide lockdown to fight the coronavirus, the company said on Thursday.
2020-04-30
Impala Platinum`s (Implats) chief executive of its Rustenburg operations appeared in court on Friday on charges of allegedly contravening South Africa`s lockdown rules by calling non-essential workers back to work, the company spokesman said.
2020-04-17
South Africa`s Impala Platinum (Implats) said on Friday it would gradually return to work after the government relaxed regulations on miners during the coronavirus lockdown.
2020-04-17
South African state power firm Eskom has scaled back power cuts after some generating units were returned to service, it said on Wednesday, while reiterating that blackouts were likely to continue for the rest of the week.
2019-12-11
Mines across South Africa shut down on Tuesday after flash flooding triggered the most severe power blackouts in more than a decade, threatening a key export sector in a further blow to the country`s already slowing economy.
2019-12-10JSE:AGL JSE:AMS JSE:S32 JSE:KIO JSE:GFI JSE:IMP JSE:ANG JSE:AVI JSE:MPT
South Africa`s rand tumbled to a two-week low on Tuesday, along with bonds and stocks, as a deepening power crisis and the spreading impact on business operations rattled investor sentiment.
2019-12-10
South Africa`s biggest platinum mining union sealed three-year wage hike agreements with Anglo American Platinum, Impala Platinum, and Sibanye-Stillwater on Friday, ending months of negotiation over pay.
2019-11-15
The South African rand inched weaker on Wednesday, backing away from a four-session peak as cautious investors awaited clues on the economy ahead of key manufacturing data and developments in U.S.-China trade talks.
2019-11-06
South Africa`s Impala Platinum Holdings Ltd (Implats) said on Monday it would buy Canada-based North American Palladium Ltd for about C$1 billion ($751.77 million), marking the miner`s first purchase outside of Africa.
2019-10-07
South Africa`s rand rallied in afternoon trade on Thursday as the European Central Bank`s new stimulus measures and mutual concessions by the United States and China in their trade dispute buoyed risk appetite, while stocks also gained.
2019-09-12Impala Platinum will delay cutting thousands of jobs and closing some capacity at its main South African mine due to operational improvements and higher commodity prices, two sources with direct knowledge of the matter said.
2019-09-04
South Africa`s Association of Mineworkers and Construction Union (AMCU) is disappointed by a wage offer for workers at Lonmin, which was acquired by Sibanye-Stillwater this year.
2019-08-13Power imports are cushioning platinum mining companies against Zimbabwe`s worst blackouts in three years, but gold mines could face production cuts as they continue to rely on an unstable national grid, industry officials said.
2019-05-15JSE:AGL JSE:AMS JSE:IMP JSE:THA JSE:MPT JSE:LEW JSE:ARH JSE:ISA
South Africa`s gold and platinum mines will shed around 90,000 jobs in the next three years as above-inflation electricity price increases by power utility Eskom add to already soaring operating costs, an industry body said on Monday.
2019-03-25South African utility Eskom imposed the worst power cuts in several years on homes and businesses last week, conjuring up memories of the 2008 crisis when the grid nearly collapsed and cost the mining industry billions in lost output.
2019-02-18
South Africa`s rand recovered on Friday, tracking peers like the Turkish lira and Russian rouble as the dollar weakened and investors looked to profit on the greenback`s recent rally.
2019-02-08
South Africa`s largest labour union group, with more than a million and a half members, said on Wednesday it would stage a nationwide strike on Feb. 13 over large-scale layoffs at ailing state-owned firms and at private companies.
2019-01-30
