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...

16/03/2012 (On-The-Air)

the South African government has been going all out to ensure that platinum company Implats is being fairly treated by the government of Zimbabwe; South Africa wants to take a leaf out of Canada’s book to save its ferrochrome business from...

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...

African Rainbow Minerals earnings up 24%

The half-year headline earnings of diversified miner African Rainbow Minerals (ARM) increased 24% to R1.94-billion in the six months to December 31. Cash generated from operations increased by 25% to R2.56 billion, compared with R2.05-billion for...

24/02/2012 (On-The-Air)

The government is trying a new way of incentivising South Africa’s struggling junior mining sector; South Africa’s once thriving platinum business is suddenly being badly hit on many fronts; and South Africa has managed to beat off the UK and...

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.

Over 4 600 Implats workers re-employed

South African platinum miner Impala Platinum (Implats) has re-employed 4 617 of the 17 000 dismissed workers at its Rustenburg operation, a director in in the employment law department at Edward Nathan Sonnebergs (ENS), which is representing...

Rustenburg strike widens, Implats starts dismissals

Production at JSE- and LSE-listed Impala Platinum (Implats) mine’s Rustenburg operation were on Wednesday still at a standstill, with the miner saying it had started dismissing more than 5 000 rock drill operators (RDOs) and general mining staff...