/ 1 September 1999

IMPLATS RESULTS STRONG

PLATINUM giant Impala Platinum (Implats) is well placed to benefit from rising platinum prices and internal cost controls, Implats CEO Steve Kearney said on Tuesday. The firm lifted platinum output 1% to 1,065-million ounces in the 12 months to June, with operating costs rising below the rate of inflation, by 4,3% to R2 471/oz. Costs were contained under its Fixco process which will deliver further real reductions in unit costs, Implats said.