Implats acquires 24% of Royal Bafokeng, offers to buy out remaining shares
Mining News Pro - Impala Platinum, also known as Implats, said on Monday it would make an offer to buy out smaller rival Royal Bafokeng Platinum (JSE: RBP) in which it acquired a 24.5% stake for 10.6 billion South African rand last week.
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Northam’s swoop for RBPlat stake scuppers Implats approach
Mining News Pro - Northam Platinum Holdings Ltd. plans to spend about 17 billion rand ($1.13 billion) to become the top shareholder in Royal Bafokeng Platinum Ltd., dashing a planned takeover by rival Impala Platinum Holdings Ltd.
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Implats reports record financial results
Mining News Pro - Platinum group metals company Implats on Thursday reported record financial results for the 12 months to June 30, driven by higher volumes sold into a strong platinum group metals (PGM) pricing environment.
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Visit: 433
Implats contributes R13bn in taxes
Mining News Pro - Platinum group metals mining and marketing company Implats has contributed about R13-billion in taxes and royalties to the South African government for the 12 months to June 30, Implats CFO Meroonisha Kerber said on Thursday.
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Visit: 843
South African-developed fuel cell passing tests at Implats refinery
Mining News Pro - A South African-developed stationary hydrogen fuel cell is doing well as it is put through a testing phase at the Impala Platinum (Implats) refinery, group executive: refining and marketing Sifiso Sibiya has revealed.
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Visit: 804
Implats` earnings soar 328%, record R7.9bn interim dividend declared
Mining News Pro - Buoyed by the high rand platinum group metals (PGMs) basket price, Impala Platinum Holdings Limited (Implats) has posted a 328% increase in headline earnings and declared a record interim dividend of R7.9-billion on a strong production, safety and sales performance.
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Visit: 794
Implats pursuing renewables, green hydrogen, exploration, carbon neutrality
Mining News Pro - Platinum group metals (PGMs) mining and marketing company Implats is pursuing green hydrogen, greenfield exploration and carbon neutrality, the company made clear during question time after presenting a stellar set of high-dividend-yielding interim financial results on Thursday, which cut debt by R3-billion and increased net cash significantly.
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Visit: 620
Implats CEO encouraged by first-quarter production results
Mining News Pro - Impala Platinum (Implats) started its new financial year off strongly, with gross tonnes milled at managed operations having improving by 18% year-on-year to over 6.1-million tonnes for the first quarter, ended September 30.
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Acquisitions on the backburner for Implats after C$1bn Canada buy
Mining News Pro - South Africa-based platinum group metals (PGMs) major Impala Platinum (Implats) CEO Nico Muller has ruled out any near-term merger and acquisition activity and has said the group will instead reinvest in its current business units.
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Visit: 730
Implats earnings up nearly 400% on weak rand, costly metal
Mining News Pro - South Africa’s Impala Platinum’s (Implats) annual earnings jumped by nearly 400% after higher metal prices and a weaker rand offset the impact of the covid-19 pandemic, the company said on Thursday.
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Gross profit of cash-gushing Implats soars 240%
Mining News Pro - Platinum group metals (PGMs) mining and marketing company Implats on Thursday posted record headline earnings on the back of solid operational performances and record sales revenues – despite the considerable impact of Covid-19 – for its full year to June 30.
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Implats ups credit access, refreshes inter-company loan approvals
Mining News Pro - Platinum group metals mining and marketing company Implats has strengthened its access to credit and refreshed approvals for intercompany loans.
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Visit: 645
Implats suspends Marula after detecting 19 positive Covid-19 cases
Mining News Pro - Platinum group metals mining company Implats on Saturday confirmed that a cluster of positive Covid-19 cases had been detected in and around its Marula operation in Limpopo province following stringent and comprehensive screening, testing and tracing protocols.
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Visit: 803
Seven confirmed Covid-19 cases at Implats’ Canadian mine
Mining News Pro - Seven cases of Covid-19 have been confirmed at Implats’ mechanised platinum group metals (PGMs) mine in Ontario, Canada, but no employee or dependant has yet been diagnosed at Implats’ labour-intensive South African and Zimbabwean operations.
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Sibanye, Implats and BASF develop new tri-metal catalyst, boosting platinum prices
Mining News Pro - Sibanye-Stillwater said on Tuesday it along with Impala Platinum (Implats) and chemical company BASF had successfully developed a new tri-metal auto catalyst allowing the partial substitution of palladium with platinum.
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Visit: 621
Implats posts 41% interim earnings jump, reinstates dividend
Mining News Pro - South Africa’s Impala Platinum Holdings Ltd (Implats) on Thursday posted a 41% rise in half-year earnings, reinstated dividends and halted closure of two shafts, after higher metals prices and improved operations boosted profits.
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Visit: 607
Implats restarts drilling at Sunday Lake following NAP deal
Mining News Pro - Impala Platinum (Implats) has resumed drilling at the Sunday Lake platinum-palladium (PGM) property in Ontario following the completion of its acquisition of North American Palladium (NAP) last month.
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Visit: 743
Implats to close North American Palladium takeover this week
Mining News Pro - South African miner Impala Platinum Holdings (Implats) has received all the required regulatory approvals for its proposed acquisition of Canada’s North American Palladium.
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Visit: 789