There’s still been no deal set in stone on indigenising Impala’s Zimbabwe operation despite the progress that has been made so far.
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Shops owned by foreigners have been reportedly targeted by angry protesters to send a message to Implats management.
Indigenisation Minister Saviour Kasukuwere has warned Impala Platinum he will take the mine over if it doesn’t comply with Zimbabwe’s BEE laws.
Continued industrial strike action has taken a toll on Impala Platinum’s Rustenburg mine but their interim results show positive growth.
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/ 31 January 2012
Impala Platinum Holdings has named Terence Goodlace as its new CEO to take over from David Brown who will step down at the end of June.
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/ 14 February 2008
Impala Platinum Holdings (Implats) posted weaker half-year headline earnings per share on Thursday, and forecast ”very tight market conditions” for platinum due to a power crisis in South Africa that has helped push the metal’s price to an all-time record.
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/ 4 December 2007
Thousands of mineworkers took to the streets of central Johannesburg on Tuesday, urging industry bosses to beef up safety in South African mines. This year, there have been more than 200 deaths in the mining industry. Major mining companies said they were badly affected by the one-day strike.
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/ 27 September 2007
Foreign-owned companies in Zimbabwe said on Thursday they were assessing the likely effects on their business of a new law forcing them to give local owners majority holdings. The Empowerment Bill, pushed through Parliament by the government on Wednesday, will give Zimbabweans a 51% stake in foreign firms, including the important mining and banking sectors.
Implats, the world’s second-biggest platinum producer, posted a 75% rise in annual headline earnings per share on Thursday, at the top end of expectations, lifted by higher output and strong metals prices. South Africa’s Impala Platinum Holdings said headline EPS jumped to R13,12 for the 12 months to end-June from R7,50 the previous year.