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Topic

Hydrogen leap needed to aid platinum’s future 

By: Martin Creamer     11th January 2019 A South African decision to step firmly into the hydrogen age, like so many other countries are doing, has great potential benefit for the country. Because South Africa has better combined solar and wind resources than just about any other country, it is well positioned to generate hydrogen using... 

Implats in talks with potential 1 Shaft buyers, as restructuring proceeds 

By: Simone Liedtke     31st October 2018 Platinum miner Impala Platinum (Implats) achieved the highest first-quarter mill tonnage at its Impala Rustenburg operations since the 2013 financial year, during the quarter ended September 30. Tonnes milled at Impala Rustenburg increased by 5.6% year-on-year to 3.15-million tonnes in the first... 

Resources Watch  

20th September 2018 Implats has strong new collaboration with governments of South Africa, Zimbabwe And, Afrox achieves double-digit HEPS growth amid subdued economic environment 

CNN-flighted advert projecting huge growth for platinum-using fuel cells

By: Martin Creamer     18th September 2018 French company Air Liquide, a member of the Davos-launched Hydrogen Council that includes platinum-mining company Anglo American, is currently flighting an advertisement on the global television network CNN, which forecasts exceptional growth for the hydrogen and fuel cell market. Quoting the... 

PGMs producer focuses on palladium in Limpopo

24th August 2018 Platinum and palladium mining company Platinum Group Metals is refocusing its business on the large-scale, bulk mineable Waterberg project in Limpopo, South Africa which is dominated by palladium and has reserves in platinum, rhodium, gold, copper and nickel. “Our key business objectives are to... 

Department of Mineral Resources entering the fray to stop mining companies from closing mines

By: Martin Creamer     10th August 2018 The new Department of Minerals Resources (DMR) is showing a strong tendency to resist companies that apply to shut mines or put mine shafts on care and maintenance. The DMR is advocating applying Section 52 of the Minerals and Petroleum Resources Development Act ahead of the labour-reducing... 

Implats’ R2.7bn cut of 13 000 jobs, five shafts, 230 000 oz, evokes Minister’s rebuke 

By: Martin Creamer     2nd August 2018 The drastic R2.7-billion restructure of the Impala Rustenburg mine, involving the loss of 13 000 jobs, the closure of five shafts and cutting of 230 000 oz out of yearly platinum production, has evoked a strong rebuke from the Mineral Resources Minister Gwede Mantashe, who has accused Impala... 

Implats to shed 13 000 jobs over two years

By: Martin Creamer     2nd August 2018 Platinum group metals mining company Impala Platinum (Implats) on Thursday announced a strategic review of its Impala Rustenburg mine, which involves reducing its labour complement from 40 000 to 27 000 over two years, a reduction of 13 000. The Johannesburg Securities Exchange-listed company... 

Miners halt dividend payouts, stay-in-business capex as price languishes in the doldrums

By: Natasha Odendaal     25th May 2018 The once burgeoning platinum industry that in the recent past benefited from a years-long upswing in commodity demand and prices is now failing to recover from the global economic depression that heralded the end of its glory days and shut many smaller operators down. In the wake of the 2008... 

Miners halt dividend payouts, stay-in-business capex as price languishes in the doldrums

By: Natasha Odendaal     25th May 2018 The once burgeoning platinum industry that in the recent past benefited from a years-long upswing in commodity demand and prices is now failing to recover from the global economic depression that heralded the end of its glory days and shut many smaller operators down. In the wake of the 2008... 

Mind the gap: Can subway and landmine technologies save South African platinum?

By: Reuters     16th May 2018 Technologies used to carve subways and clear landmines are being retooled to mechanise South Africa's platinum mines, where an unforgiving geology has stymied such efforts at a huge cost. The technologies may make new mines profitable and could provide a lifeline for some loss-making shafts in a... 

Implats seeks bidders for Marula tailings facility

By: Reuters     11th May 2018 South Africa's Impala Platinum (Implats) is seeking tenders to build a tailings or waste storage facility at its Marula mine in a positive sign for a site recovering from community protests that sent its shares higher. The company posted an advertisement on Friday in the local Mail & Guardian... 

World's No. 2 platinum stock languishes on output, cost concerns

By: Bloomberg     10th May 2018 Bad news from South Africa’s platinum belt has pushed shares of the world’s No. 2 producer of the metal to the lowest since 1999. Impala Platinum Holdings has dropped 40% this year as investors fret over glitches at its Rustenburg operations and cost ratios that compare unfavorably with some... 

Implats reports 17% increase in tonnes milled in Q3, stock build-up remains

By: Marleny Arnoldi     26th April 2018 A stronger mining performance at Impala Platinum’s (Implats’) Impala Rustenburg and Marula operations resulted in a 17% year-on-year improvement in tonnes milled to 4.59-million tonnes for the third quarter ended March 31.  

Resources Watch  

15th March 2018 This week: Exxaro negotiating new business opportunities beyond mining German ruling likely blessing in disguise for platinum And, Implats harvests loss shafts, mulls more investment in profitable shafts 

Hanwa to join PTM, Jogmec in Waterberg JV

By: Marleny Arnoldi     9th March 2018 Japan Oil, Gas and Metals National Corporation (Jogmec) has signed a memorandum of understanding (MoU) with global trading company Hanwa for the transfer of a part of Jogmec’s interest in the Waterberg Joint Venture (JV) project, in the Bushveld Complex, to Hanwa 

Implats harvests loss shafts, mulls more investment in profitable shafts 

By: Martin Creamer     1st March 2018 The 40 000-employee Impala Platinum Mine in Rustenburg, which is 'harvesting' unprofitable shafts while studying additional investment opportunities in the many profit-making shafts within its well-endowed, long-life lease area, has set in motion a process to cut costs by R1-billion. Harvesting,... 

PTM widens Q4 loss as accounts due mount

By: Henry Lazenby     12th January 2018 Precious metals project developer Platinum Group Metals (PTM) has widened its net loss for the first fiscal quarter ended November 30 to $12.44-million, or $0.08 a share, compared with a net loss of $2.45-million, or $0.03 a share a year earlier, the Vancouver-based company reported late on... 

Implats CFO steps down

By: Natasha Odendaal     21st November 2017 JSE-listed Impala Platinum’s (Implats’) group CFO and executive director Brenda Berlin has resigned, effective February 28, 2018, to take‐up a new corporate role aligned to her current aspirations. Implats has initiated the process to identify a suitable successor to Berlin, who had joined... 

Implats buys 15% stake in Waterberg project

By: Anine Kilian     16th October 2017 JSE-listed Impala Platinum (Implats) will buy a combined 15% interest in the Waterberg platinum group metals (PGMs) project from TSX- and NYSE-listed Platinum Group Metals (PTM) and the Japan Oil, Gas and Metals National Corporation (Jogmec) for $30-million. Implats has also secured an option to... 

Platinum-group metals producer aiming to increase fuel cell demand

By: Simone Liedtke     22nd September 2017 To increase demand in the fuel cell (FC) industry, platinum group metals producer Impala Platinum (Implats) aims to take its Impala Platinum Refinery off the State-owned power utility Eskom grid and power the refinery using FC technology, with commercial operation of its first phase aimed to... 

Electric buses expected to spur platinum demand – Implats 

By: Martin Creamer     19th September 2017 Electric buses powered by platinum-catalysed fuel cells are attracting the attention of South Africans, who will visit Germany next month to update themselves on passenger carriers that emit zero pollution into the atmosphere. “There’s a lot of interest in fuel cell buses simply because the... 

Lossmaking operations will not be supported – Implats 

By: Martin Creamer     14th September 2017 South Africa’s second-biggest platinum mining company Impala Platinum (Implats) said on Thursday that it would no longer be supportive of lossmaking operations and was taking strong steps to bring about a cash neutral position at its major productivity-hit Impala Rustenburg platinum mine and... 

Implats reports headline loss, sees low prices as ‘new normal’

By: Martin Creamer     14th September 2017 Platinum mining company Implats, which reported an impairment-impacted 137 cents per share headline loss in the 12 months to June 30, sees the lower-for-even-longer metal price environment as 'the new normal'. In presenting results for its financial year to June 30, the JSE-listed company... 

Implats liquidity poised for bond-offer boosting

By: Martin Creamer     1st June 2017 Platinum mining company Impala Platinum (Implats) has concluded its invitation to holders of outstanding 2018 convertible bonds, the company said following the expiry of the invitation on May 31. Implats launched dual convertible bond offerings last week to enhance its short-to-medium-term... 

Implats finalises terms on dual bond offering

By: Natasha Odendaal     26th May 2017 JSE-listed Impala Platinum (Implats) on Friday concluded the final terms of its dual offering of R3.25-billion unsecured convertible bonds and $250-million unsecured convertible bonds, both due 2022. The platinum miner’s rand-denominated bonds will hold a 6.375% yearly interest rate, while the... 

Strong stance on employee safety required – miner

19th May 2017 South Africa’s diverse wealth of minerals and a well-regulated mining industry mean mines employ hundreds of thousands of mineworkers from all over Africa, states miner, refiner and marketer of platinum-group metals Impala Platinum (Implats). 

Job losses loom at troubled Marula – Implats

By: Martin Creamer     26th April 2017 Despite ongoing engagement between all stakeholders to restore operational continuity and secure the financial sustainability of the Marula platinum operation, continued community protest action and persistently low metal prices have now necessitated a fundamental restructuring of the business to... 

Implats wins $16m claim in US recycler default fraud case

By: Martin Creamer     4th April 2017 Platinum-mining company Implats has won a $16-million claim for constructive fraudulent transfer during the insolvency in the US of a former recycler of autocatalyst materials, which had a long-standing association with Impala Refining Services (IRS). Johannesburg Stock Exchange-listed Implats... 

Implats posts R318m in six months to December

By: Ilan Solomons     3rd March 2017 Platinum miner Impala Platinum (Implats) has recorded a gross loss of R318-million for the six months to December 31, a significant increase on the loss of R40-million recorded in the six months to December 31, 2015. The group posted a headline loss of R508-million, compared with headline... 

Hefty H1 losses paint depressed picture for Implats 

By: Ilan Solomons     23rd February 2017 Platinum miner Impala Platinum (Implats) has recorded a gross loss of R318-million for the six months to December 31, a significant increase on the loss of R40-million recorded in the six months to December 31, 2015. The group posted a headline loss of R508-million, compared with headline... 

Implats invests in fuel cells to power refinery

By: Megan van Wyngaardt     7th February 2017 Platinum group metals producer Impala Platinum (Implats) has, through the installation of an 8 MW Doosan fuel cell plant, moved one step closer to taking its refinery, near Johannesburg, off-grid. The first phase of the project comprises 20 Doosan fuel cells, which use combined heat and power to... 

Milestone for Two Rivers as PGM production surpasses 400 000 oz/y

By: David Oliveira     3rd February 2017 Mpumalanga-based Two Rivers, a joint venture between diversified miner African Rainbow Minerals (ARM) and platinum producer Impala Platinum (Implats), reached an important milestone last year, producing more than 400 000 oz of platinum-group metals (PGMs) for the first time since the mine started... 

Milestone for Two Rivers as PGM production surpasses 400 000 oz/y

By: David Oliveira     3rd February 2017 Mpumalanga-based Two Rivers, a joint venture between diversified miner African Rainbow Minerals (ARM) and platinum producer Impala Platinum (Implats), reached an important milestone last year, producing more than 400 000 oz of platinum-group metals (PGMs) for the first time since the mine started... 

Rockfall claims one life at Implats’ 20 shaft

By: Natasha Odendaal     18th January 2017 A rockfall at Impala Platinum’s (Implats’) 20 shaft, in Rustenburg, on Wednesday claimed the life of one mineworker and injured another. Implats spokesperson Johan Theron confirmed the incident to Mining Weekly Online, noting that the shaft has been shut down pending investigation. 

Implats selling chrome interest

9th December 2016 Platinum mining company Impala Platinum (Implats) is disposing of its 65% interest in Impala Chrome, a chrome beneficiation operation that produces 200 000 t of chrome concentrate a year by processing four-million tonnes of tailings a year. As announced in a newspaper advertisement, Implats’... 

Implats, NUM sign two-year wage deal

By: Natasha Odendaal     3rd October 2016 The National Union of Mineworkers (NUM) and Impala Platinum (Implats) have reached a two-year wage deal, effective July 2016 until June 2018, for workers at Implats' refinery operation, in Springs. The 1 000 workers at the operation, of which about half are NUM members, will now see a basic wage... 

RBPlat, Implats extend royalty mining agreement

By: Megan van Wyngaardt     8th September 2016 Royal Bafokeng Platinum (RBPlat) and Impala Platinum (Implats) have agreed to expand the mining area covered by the parties’ 2010 6 and 8 shafts royalty agreement, adding about 360 000 oz of platinum, palladium, rhodium and gold (4E) to Implats’ resource. The royalty agreement affords Implats the... 

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