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.
Impala Platinum Mine battling to contain the spread of COVID-19 in Rustenburg
Labor-intensive industries, such as mining, are battling to contain the spread of Covid-19 at their workplaces.
Impala Platinum Mine in Rustenburg, North West, has recorded close to two thousand infections among employees and 19 deaths, since the outbreak of the pandemic.
The company has introduced some health and safety protocols.
For more news, visit sabcnews.com and also #SABCNews #Coronavirus #COVID19News on Social Media.
published: 10 Jan 2021
Impala Platinum launched a strategic review of its operations
Platinum Producer Impala says its launched a strategic review of its operations. This comes after a profits plunge due to a five month strike at its Rustenburg mines. It's stressed however that the review does not mean job cuts.
published: 28 Aug 2014
Impala finally acquires controlling stake in Royal Bafokeng Platinum
Following years of talks, Impala Platinum has finally acquired a controlling stake in Royal Bafokeng Platinum. The deal was made possible after the Public Investment Corporation accepted an offer from Implats to sell its stake in the mine. Royal Bafokeng Platinum, the largest black-owned platinum group, had previously received an unsolicited offer from Northern Platinum, that failed to materialise.
For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.
published: 31 May 2023
Impala Platinum - Hot or Not
Impala Platinum is the world's second largest platinum producer, with mines near Rustenberg, Steelpoort and on the Great Dyke in Zimbabwe. It has a market cap of R22.7billion, has a negative PE. It does not currently pay dividends.Guest Wayne Mccurrie, Senior Portfolio Manager, Ashburton Investments and resident expert Paul Theron from Vestact decide whether Impala Platinum is hot or not.
published: 03 Oct 2017
Investment idea: Impala Platinum
- In this report, we discuss the latest update on the RBPlats acquisition transaction and the quarterly production update.
- RBPLats Acquisition Transaction Update:
o Since our last report (31 March 2023), Northam Platinum terminated their offer to acquire additional shares in RBPlats due to rhodium prices falling below $9 000 for 12 consecutive days. Implats has extended the long stop date for their offer to 31 May 2023 as they await an outstanding Compliance Certificate from the Takeover Regulation Panel and approval from the JSE to list the Offer Consideration Shares.
o On 5 May 2023, Implats held approximately 45% of RBPlat shares. The PIC who owns ~10% of RBPlats has not yet decided whether they will or will not sell their stake to Implats.
- We have updated our intrinsic value t...
published: 15 May 2023
Impala Platinum Mine workers face a bleak future
Workers at Impala Platinum Mine's Rustenburg operations face a bleak future. Some two thousand five hundred workers might be retrenched soon. Impala Platinum Holdings has issued a notice to unions, government and other stakeholders that it has initiated a consultation process that may lead to staff reductions to cope with financial pressures and high production costs.
For more news, visit: http://www.sabc.co.za/news
published: 19 Sep 2017
Implats in final stages of approving R10bn worth of new platinum projects
JOHANNESBURG (miningweekly.com) – Platinum group metals (PGMs) mining and marketing company Implats is in the final stages of approving two exciting new platinum projects that tick all the boxes of the company’s strategic intent, CEO Nico Muller said on Thursday.
published: 26 Feb 2021
Mine Safety | Five Impala Platinum Mine employees trapped underground
Five Impala Platinum Mine employees are reportedly trapped underground following a mudslide. It is alleged that 7 employees were tasked with cleaning a spillage at Shaft 6. It is believed that a mud slide suddenly came down, flooding where they were working. While two mineworkers managed to escape with minor injuries, five remain trapped.
For more now we cross to our reporter on the ground Tebogo Phakedi.
For more news, visit sabcnews.com and also #SABCNews #Coronavirus #COVID19News #Covid-19Vaccination #Vaccine on Social Media.
published: 29 Nov 2021
Impala Platinum mine resumes operations
Some workers at Impala Platinum have been called to return to work today as the mining house wants to restart some of its operations from Friday. Impala says it's not going back to business as usual - but wants to do everything it can to ensure its business remains financially viable.
The mine says it received permission to operate from the Department of Mineral Resources. Newzroom Afrika's Zinhle Kanyane in Rustenburg and speaks to a few mine workers.
Tune into #NewzroomAfrika #Dstv channel 405 for more on this story.
published: 14 Apr 2020
Impala Platinum defends its jobs cut decisions
Impala Platinum has come out in defence of its latest move to cut 13 thousand jobs and close off five of its eleven mine shafts.
This is one of the biggest rounds of job cuts by a mining company in living memory. Impala insists it has explored all options and this is their last resort to restructure the company and make it more sustainable.
For more news, visit: sabcnews.com
Labor-intensive industries, such as mining, are battling to contain the spread of Covid-19 at their workplaces.
Impala Platinum Mine in Rustenburg, North West...
Labor-intensive industries, such as mining, are battling to contain the spread of Covid-19 at their workplaces.
Impala Platinum Mine in Rustenburg, North West, has recorded close to two thousand infections among employees and 19 deaths, since the outbreak of the pandemic.
The company has introduced some health and safety protocols.
For more news, visit sabcnews.com and also #SABCNews #Coronavirus #COVID19News on Social Media.
Labor-intensive industries, such as mining, are battling to contain the spread of Covid-19 at their workplaces.
Impala Platinum Mine in Rustenburg, North West, has recorded close to two thousand infections among employees and 19 deaths, since the outbreak of the pandemic.
The company has introduced some health and safety protocols.
For more news, visit sabcnews.com and also #SABCNews #Coronavirus #COVID19News on Social Media.
Platinum Producer Impala says its launched a strategic review of its operations. This comes after a profits plunge due to a five month strike at its Rustenburg ...
Platinum Producer Impala says its launched a strategic review of its operations. This comes after a profits plunge due to a five month strike at its Rustenburg mines. It's stressed however that the review does not mean job cuts.
Platinum Producer Impala says its launched a strategic review of its operations. This comes after a profits plunge due to a five month strike at its Rustenburg mines. It's stressed however that the review does not mean job cuts.
Following years of talks, Impala Platinum has finally acquired a controlling stake in Royal Bafokeng Platinum. The deal was made possible after the Public Inves...
Following years of talks, Impala Platinum has finally acquired a controlling stake in Royal Bafokeng Platinum. The deal was made possible after the Public Investment Corporation accepted an offer from Implats to sell its stake in the mine. Royal Bafokeng Platinum, the largest black-owned platinum group, had previously received an unsolicited offer from Northern Platinum, that failed to materialise.
For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.
Following years of talks, Impala Platinum has finally acquired a controlling stake in Royal Bafokeng Platinum. The deal was made possible after the Public Investment Corporation accepted an offer from Implats to sell its stake in the mine. Royal Bafokeng Platinum, the largest black-owned platinum group, had previously received an unsolicited offer from Northern Platinum, that failed to materialise.
For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.
Impala Platinum is the world's second largest platinum producer, with mines near Rustenberg, Steelpoort and on the Great Dyke in Zimbabwe. It has a market cap o...
Impala Platinum is the world's second largest platinum producer, with mines near Rustenberg, Steelpoort and on the Great Dyke in Zimbabwe. It has a market cap of R22.7billion, has a negative PE. It does not currently pay dividends.Guest Wayne Mccurrie, Senior Portfolio Manager, Ashburton Investments and resident expert Paul Theron from Vestact decide whether Impala Platinum is hot or not.
Impala Platinum is the world's second largest platinum producer, with mines near Rustenberg, Steelpoort and on the Great Dyke in Zimbabwe. It has a market cap of R22.7billion, has a negative PE. It does not currently pay dividends.Guest Wayne Mccurrie, Senior Portfolio Manager, Ashburton Investments and resident expert Paul Theron from Vestact decide whether Impala Platinum is hot or not.
- In this report, we discuss the latest update on the RBPlats acquisition transaction and the quarterly production update.
- RBPLats Acquisition Transaction Up...
- In this report, we discuss the latest update on the RBPlats acquisition transaction and the quarterly production update.
- RBPLats Acquisition Transaction Update:
o Since our last report (31 March 2023), Northam Platinum terminated their offer to acquire additional shares in RBPlats due to rhodium prices falling below $9 000 for 12 consecutive days. Implats has extended the long stop date for their offer to 31 May 2023 as they await an outstanding Compliance Certificate from the Takeover Regulation Panel and approval from the JSE to list the Offer Consideration Shares.
o On 5 May 2023, Implats held approximately 45% of RBPlat shares. The PIC who owns ~10% of RBPlats has not yet decided whether they will or will not sell their stake to Implats.
- We have updated our intrinsic value to R153 from R150 driven by changes in forward prices.
- We maintain our hold recommendation.
- Please join us on Thursday at 11h30 for our Microsoft Teams Q&A sessions. Click here to join:
https://www.psg.co.za/wealthonline#investment-research
- In this report, we discuss the latest update on the RBPlats acquisition transaction and the quarterly production update.
- RBPLats Acquisition Transaction Update:
o Since our last report (31 March 2023), Northam Platinum terminated their offer to acquire additional shares in RBPlats due to rhodium prices falling below $9 000 for 12 consecutive days. Implats has extended the long stop date for their offer to 31 May 2023 as they await an outstanding Compliance Certificate from the Takeover Regulation Panel and approval from the JSE to list the Offer Consideration Shares.
o On 5 May 2023, Implats held approximately 45% of RBPlat shares. The PIC who owns ~10% of RBPlats has not yet decided whether they will or will not sell their stake to Implats.
- We have updated our intrinsic value to R153 from R150 driven by changes in forward prices.
- We maintain our hold recommendation.
- Please join us on Thursday at 11h30 for our Microsoft Teams Q&A sessions. Click here to join:
https://www.psg.co.za/wealthonline#investment-research
Workers at Impala Platinum Mine's Rustenburg operations face a bleak future. Some two thousand five hundred workers might be retrenched soon. Impala Platinum Ho...
Workers at Impala Platinum Mine's Rustenburg operations face a bleak future. Some two thousand five hundred workers might be retrenched soon. Impala Platinum Holdings has issued a notice to unions, government and other stakeholders that it has initiated a consultation process that may lead to staff reductions to cope with financial pressures and high production costs.
For more news, visit: http://www.sabc.co.za/news
Workers at Impala Platinum Mine's Rustenburg operations face a bleak future. Some two thousand five hundred workers might be retrenched soon. Impala Platinum Holdings has issued a notice to unions, government and other stakeholders that it has initiated a consultation process that may lead to staff reductions to cope with financial pressures and high production costs.
For more news, visit: http://www.sabc.co.za/news
JOHANNESBURG (miningweekly.com) – Platinum group metals (PGMs) mining and marketing company Implats is in the final stages of approving two exciting new platinu...
JOHANNESBURG (miningweekly.com) – Platinum group metals (PGMs) mining and marketing company Implats is in the final stages of approving two exciting new platinum projects that tick all the boxes of the company’s strategic intent, CEO Nico Muller said on Thursday.
JOHANNESBURG (miningweekly.com) – Platinum group metals (PGMs) mining and marketing company Implats is in the final stages of approving two exciting new platinum projects that tick all the boxes of the company’s strategic intent, CEO Nico Muller said on Thursday.
Five Impala Platinum Mine employees are reportedly trapped underground following a mudslide. It is alleged that 7 employees were tasked with cleaning a spillage...
Five Impala Platinum Mine employees are reportedly trapped underground following a mudslide. It is alleged that 7 employees were tasked with cleaning a spillage at Shaft 6. It is believed that a mud slide suddenly came down, flooding where they were working. While two mineworkers managed to escape with minor injuries, five remain trapped.
For more now we cross to our reporter on the ground Tebogo Phakedi.
For more news, visit sabcnews.com and also #SABCNews #Coronavirus #COVID19News #Covid-19Vaccination #Vaccine on Social Media.
Five Impala Platinum Mine employees are reportedly trapped underground following a mudslide. It is alleged that 7 employees were tasked with cleaning a spillage at Shaft 6. It is believed that a mud slide suddenly came down, flooding where they were working. While two mineworkers managed to escape with minor injuries, five remain trapped.
For more now we cross to our reporter on the ground Tebogo Phakedi.
For more news, visit sabcnews.com and also #SABCNews #Coronavirus #COVID19News #Covid-19Vaccination #Vaccine on Social Media.
Some workers at Impala Platinum have been called to return to work today as the mining house wants to restart some of its operations from Friday. Impala says it...
Some workers at Impala Platinum have been called to return to work today as the mining house wants to restart some of its operations from Friday. Impala says it's not going back to business as usual - but wants to do everything it can to ensure its business remains financially viable.
The mine says it received permission to operate from the Department of Mineral Resources. Newzroom Afrika's Zinhle Kanyane in Rustenburg and speaks to a few mine workers.
Tune into #NewzroomAfrika #Dstv channel 405 for more on this story.
Some workers at Impala Platinum have been called to return to work today as the mining house wants to restart some of its operations from Friday. Impala says it's not going back to business as usual - but wants to do everything it can to ensure its business remains financially viable.
The mine says it received permission to operate from the Department of Mineral Resources. Newzroom Afrika's Zinhle Kanyane in Rustenburg and speaks to a few mine workers.
Tune into #NewzroomAfrika #Dstv channel 405 for more on this story.
Impala Platinum has come out in defence of its latest move to cut 13 thousand jobs and close off five of its eleven mine shafts.
This is one of the biggest roun...
Impala Platinum has come out in defence of its latest move to cut 13 thousand jobs and close off five of its eleven mine shafts.
This is one of the biggest rounds of job cuts by a mining company in living memory. Impala insists it has explored all options and this is their last resort to restructure the company and make it more sustainable.
For more news, visit: sabcnews.com
Impala Platinum has come out in defence of its latest move to cut 13 thousand jobs and close off five of its eleven mine shafts.
This is one of the biggest rounds of job cuts by a mining company in living memory. Impala insists it has explored all options and this is their last resort to restructure the company and make it more sustainable.
For more news, visit: sabcnews.com
Labor-intensive industries, such as mining, are battling to contain the spread of Covid-19 at their workplaces.
Impala Platinum Mine in Rustenburg, North West, has recorded close to two thousand infections among employees and 19 deaths, since the outbreak of the pandemic.
The company has introduced some health and safety protocols.
For more news, visit sabcnews.com and also #SABCNews #Coronavirus #COVID19News on Social Media.
Platinum Producer Impala says its launched a strategic review of its operations. This comes after a profits plunge due to a five month strike at its Rustenburg mines. It's stressed however that the review does not mean job cuts.
Following years of talks, Impala Platinum has finally acquired a controlling stake in Royal Bafokeng Platinum. The deal was made possible after the Public Investment Corporation accepted an offer from Implats to sell its stake in the mine. Royal Bafokeng Platinum, the largest black-owned platinum group, had previously received an unsolicited offer from Northern Platinum, that failed to materialise.
For more news, visit sabcnews.com and #SABCNews on all Social Media platforms.
Impala Platinum is the world's second largest platinum producer, with mines near Rustenberg, Steelpoort and on the Great Dyke in Zimbabwe. It has a market cap of R22.7billion, has a negative PE. It does not currently pay dividends.Guest Wayne Mccurrie, Senior Portfolio Manager, Ashburton Investments and resident expert Paul Theron from Vestact decide whether Impala Platinum is hot or not.
- In this report, we discuss the latest update on the RBPlats acquisition transaction and the quarterly production update.
- RBPLats Acquisition Transaction Update:
o Since our last report (31 March 2023), Northam Platinum terminated their offer to acquire additional shares in RBPlats due to rhodium prices falling below $9 000 for 12 consecutive days. Implats has extended the long stop date for their offer to 31 May 2023 as they await an outstanding Compliance Certificate from the Takeover Regulation Panel and approval from the JSE to list the Offer Consideration Shares.
o On 5 May 2023, Implats held approximately 45% of RBPlat shares. The PIC who owns ~10% of RBPlats has not yet decided whether they will or will not sell their stake to Implats.
- We have updated our intrinsic value to R153 from R150 driven by changes in forward prices.
- We maintain our hold recommendation.
- Please join us on Thursday at 11h30 for our Microsoft Teams Q&A sessions. Click here to join:
https://www.psg.co.za/wealthonline#investment-research
Workers at Impala Platinum Mine's Rustenburg operations face a bleak future. Some two thousand five hundred workers might be retrenched soon. Impala Platinum Holdings has issued a notice to unions, government and other stakeholders that it has initiated a consultation process that may lead to staff reductions to cope with financial pressures and high production costs.
For more news, visit: http://www.sabc.co.za/news
JOHANNESBURG (miningweekly.com) – Platinum group metals (PGMs) mining and marketing company Implats is in the final stages of approving two exciting new platinum projects that tick all the boxes of the company’s strategic intent, CEO Nico Muller said on Thursday.
Five Impala Platinum Mine employees are reportedly trapped underground following a mudslide. It is alleged that 7 employees were tasked with cleaning a spillage at Shaft 6. It is believed that a mud slide suddenly came down, flooding where they were working. While two mineworkers managed to escape with minor injuries, five remain trapped.
For more now we cross to our reporter on the ground Tebogo Phakedi.
For more news, visit sabcnews.com and also #SABCNews #Coronavirus #COVID19News #Covid-19Vaccination #Vaccine on Social Media.
Some workers at Impala Platinum have been called to return to work today as the mining house wants to restart some of its operations from Friday. Impala says it's not going back to business as usual - but wants to do everything it can to ensure its business remains financially viable.
The mine says it received permission to operate from the Department of Mineral Resources. Newzroom Afrika's Zinhle Kanyane in Rustenburg and speaks to a few mine workers.
Tune into #NewzroomAfrika #Dstv channel 405 for more on this story.
Impala Platinum has come out in defence of its latest move to cut 13 thousand jobs and close off five of its eleven mine shafts.
This is one of the biggest rounds of job cuts by a mining company in living memory. Impala insists it has explored all options and this is their last resort to restructure the company and make it more sustainable.
For more news, visit: sabcnews.com
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.