Impala Platinum considers mine closures after profit slump
Impala Platinum could shut some loss-making South African mining operations if metal prices deteriorate further and restructuring efforts fail to improve margins, chief executive Nico Muller said.
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Impala boss says speed of palladium and rhodium price falls was a surprise
Mining News Pro - Impala Platinum chief executive Nico Muller said a rapid decline in palladium and rhodium prices that has squeezed profits, lowered dividend payouts and shifted the focus to cutting costs caught platinum miners off guard.
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Impala wins RBPlat bid battle as Northam sells stake
Mining News Pro - Impala Platinum has won a protracted battle for control of miner Royal Bafokeng Platinum after bid rival Northam Platinum sold its stake.
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Impala Platinum’s Zimbabwe unit eyes expansion into lithium
Mining News Pro - Impala Platinum Holding Ltd.’s Zimbabwe unit is considering expanding into other metals, including lithium.
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Impala approached over stake in giant Zimbabwe platinum project
Mining News Pro - The owners of a Russian-backed project to build Zimbabwe’s biggest platinum mine have held talks to sell a stake of at least 20% to Impala Platinum Holdings, according to people familiar with the matter.
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Bishop’s Impala Asset Management joins campaign to oust CEO of Teck
Mining News Pro - Impala Asset Management has become the second investor in a month to go public about efforts to pressure Canadian miner Teck Resources into ousting its longstanding CEO
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Impala CE granted bail after appearance on Covid-19 charge
Mining News Pro - The arrest of the chief executive of Implats` Implala Platinum Rustenburg mining operations was on Friday welcomed by the Mineral Resources and Energy Parliamentary chairperson Sahlulele Luzipo, who on Thursday called on law enforcement agencies to act decisively against mining executives who contravened South Africa’s Covid-19 lockdown regulations.
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Impala Platinum in talks to buy Zimbabwe land from Anglo American
Mining News Pro - Impala Platinum is negotiating a land deal in Zimbabwe with rival Anglo American as the world’s second-biggest producer of the precious metal aims to boost output in Africa, reports Bloomberg.
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Impala’s Zimbabwe mine is said to be in talks on Amplats land
Mining News Pro - Impala Platinum Holdings Ltd. is in talks to buy land in Zimbabwe from rival Anglo American Platinum Ltd. as the world’s second-biggest producer of the precious metal seeks to boost output from the southern African country, according to people familiar with the negotiations.
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Impala Platinum to acquire North American Palladium for $758 million
Mining News Pro - 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.
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Impala Platinum to swing back to annual profit
Mining News Pro - South Africa’s Impala Platinum (Implats) said on Monday it expects to swing back to annual profit, thanks to an improved platinum metals’ basket price and higher sales volumes.
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About 2,500 jobs on the line at Impala Platinum’s Rustenburg operations
Mining News Agency - South Africa’s Impala Platinum (JSE:IMP), the world`s second largest miner of the precious metal, revealed Monday it had begun talks with authorities and unions that could see at least 2,500 workers laid-off at its Rustenburg operations west of Johannesburg.
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