Implats' Rustenburg workers return to shifts

Workers at Impala Platinum's Rustenburg mine have returned to work, the company said on Thursday, after a two-day stoppage that cost it at least 6,000 ounces in lost output. "Yes, we are back at work," Chief Executive David Brown told Reuters....

Goodlace a calm hand for Implats tiller

Impala Platinum's chief executive-in-waiting Terence Goodlace has plenty of experience operating in tough places, such as Democratic Republic of Congo. He will need it because running the world's second-largest platinum producer, which he takes...

South African govt safeguarding Implats as Zimbabwe indigenisation bites

South African major Implats has struck a deal with Zimbabwe that assures the JSE-listed company of fair cash compensation, the prospect of continued unfettered expansion and the potential freedom of the once-empowered, always-empowered advantage,...

No point if Zimbabwe fails to show it has $500m/$1bn cash for 31% of Zimplats

There is no point in Implats going back to the Zimbabwe negotiating table if South Africa’s errant neighbour is unable to show that it has access to between $500-million to $1-billion in cash to pay for the 31% of Zimplats. While it has agreed...

Zimbabwe needs up to $1bn cash to compensate Implats fairly

The government of Zimbabwe will need between $500-million and $1-billion in hard cash to honour its commitment of paying South Africa’s Implats fair value for control of Zimplats, Mining Weekly Online can today report. Treaty protection under...

Second Take: Zimplats agreement

Creamer Media's Shannon de Ryhove speaks to Mining Weekly editor Martin Creamer about Implats CEO David Brown's in principle agreement with the government of Zimbabwe to hand over control of the Zimplats mine.

Implats’ Zimbabwe compensation unlikely at market rate – Liberum

South Africa’s platinum major Implats, which has reached an enforced in-principle agreement on indigenising 51% of its Zimplats assets, is unlikely to be compensated by the Zimbabwean government at the market rate, mining analyst Liberum Capital...

This has gone beyond a strike – Implats’ Gilmour

A higher level of security was needed at Impala Platinum’s strike-hit operations in Rustenburg to stop returning workers from being intimidated, Implats corporate relations executive Bob Gilmour said on Thursday.

Implats says rehiring, no Rustenburg restart soon

Impala Platinum, the world's second-largest platinum producer, said on Monday it was unlikely to restart its Rustenburg operations, where it has been losing 3 000 oz/d in output for almost a month, before next week. "There is unlikely to be any...

Goodlace a ‘good choice’ for Implats

Platinum mining company Impala Platinum’s (Implats') choice of Terence Goodlace, from Metorex, as CEO and executive director was described as a ‘good’ appointment by company watchers on Tuesday. Vestact analyst Sasha Naryshkine told Mining...

Impala Platinum appoints Goodlace as CEO

Platinum mining company Impala Platinum (Implats) has appointed Terence Goodlace, from Metorex, as CEO and executive director, succeeding David Brown from July 1. Brown announced two weeks ago that he was stepping down as CEO at the end of June...

Double dose of surprise news tears strips off platinum behemoths

Two consecutive days of surprise negative news this week tore strips off the share prices of South Africa’s two leading platinum mining companies. Anglo American Platinum (Amplats) lost 4% of its value on Thursday when it warned of a 60%-to-70%...