Implats weighs 3,900 job cuts in South Africa as price rout takes toll
Impala Platinum could cut 3,900 jobs as it restructures its South African operations due to lower metal prices, the miner said on Friday, with the news likely to pile more pressure on the government weeks before a general election.
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Visit: 38
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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Visit: 335
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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Visit: 721
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: 445
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: 860
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: 827
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: 828
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: 634
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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Visit: 638
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: 748
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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Visit: 655
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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Visit: 578
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: 663
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: 823
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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Visit: 593
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: 637
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: 621
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: 759
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: 805