Implats halves earnings on labour tensions

2013-08-29 08:49

Impala Platinum's full-year earnings fell by around half as a tough labour environment and depressed prices bit into earnings, the company said.

Zim indigenisation row widens

2013-03-07 13:53

The rift between Reserve Bank of Zimbabwe governor Dr Gideon Gono and Empowerment Minister Saviour Kasukuwere over indigenisation deals is deepening.

Implats earnings plunge 78%

2013-02-14 10:18

Platinum miner Impala Platinum has reported a 78% plunge in first-half profit and says it will issue a $500m convertible bond to prop up its ailing balance sheet.

ANC Chief Whip says sorry to Implats

2013-01-24 11:17

ANC Chief Whip Mathole Motshekga has apologised to Impala Platinum for attributing the possible retrenchment of 14 000 miners to it.

Implats to sell 51% stake to Zim locals

2013-01-11 08:29

Impala Platinum says it will sell a majority stake in its Zimbabwe unit to local black investors, to meet the government's drive for black ownership of firms.

Mimosa Platinum sees slight uptick

2012-10-15 11:03

Mimosa Platinum Mine, jointly owned by Impala Platinum and Aquarius Platinum, expects to produce 100 000 oz of platinum in its current financial year.

Zimplats faces huge tax bill

2012-09-25 15:16

Zimplats, owned by Impala Platinum, says Zimbabwe's tax authority may demand a payment of of $33.8m plus interest and penalties.

Miners blockade Amplats shafts

2012-09-12 10:07

Labour unrest has hit Anglo Platinum, with striking mineworkers blockading roads leading to shafts belonging to the world's No 1 platinum producer.

Implats workers want to double wages

2012-09-11 08:00

Impala Platinum says workers have demanded a second pay hike this year, to effectively double their wages in six months.

Implats: Violent strikes could spread

2012-08-23 12:05

The world's second-largest platinum producer Impala Platinum has warned that industrial action at SA's platinum mines could become more widespread.

Implats halts output to mourn miners

2012-08-23 07:45

Impala Platinum says it acknowledges today as a day of mourning in memory of those who lost their lives near a Lonmin mine in Marikana.

Angloplat forecasts lower earnings

2012-07-02 11:00

Anglo Platinum, the world's top platinum producer, warned its first-half earnings would fall more than 20%, hit by lower sales and falling prices.

Zimbabwe lifts Zimplats banking freeze

2012-05-31 07:58

Zimbabwe's central bank has lifted a ban on the local unit of South Africa's Impala Platinum for using local banking services over accusations it used offshore accounts.

Zimplats fined for banking offshore

2012-05-25 12:44

Zimbabwe has directed banks not to provide services to a local unit of SA-owned miner Zimplats, after it continued to put money in offshore accounts.

Implats workers extend walk-out

2012-05-23 09:39

Workers at Impala Platinum’s Rustenburg mine extended their walk-out for a second day running amid violence between rival unions at the world’s biggest platinum mine.

Implats Rustenburg workers in stay-away

2012-05-22 09:37

Impala Platinum, the world’s second-largest platinum producer, says most workers were not reporting for duty at its Rustenburg mine because of labour unrest.

Analysts slam Zim mining policy

2012-03-19 09:42

Harare's plan to force foreign firms to hand over a 51% stake will scare away much-needed investment with no clarity on how the country will fund the policy, analysts say.

Implats gives up 51% Zimplats stake

2012-03-13 16:53

Impala Platinum has agreed to give up a majority of the firm's Zimbabwe unit to black investors under a new empowerment requirement.

Implats, Zim dispute deepens

2012-03-08 10:20

A war of words between Impala Platinum and Zimbabwe has intensified, as the miner denies offering to hand over a stake in its local unit to the government.

Platinum workers ignore strike

2012-03-07 14:15

Workers at the world's two largest platinum mines, unlike those at gold and coal mines, did not take part in the nationwide strike called by Cosatu.

Zim to act on Implats after deadlock

2012-03-06 09:38

Zimbabwe is set to announce the fate of Impala Platinum's shareholding in its local unit after latest equity talks ended in deadlock, the Herald newspaper says.

Implats 'will not exit Zimbabwe'

2012-03-01 08:18

Impala Platinum says it will not leave Zimbabwe despite the government's demands that it hand over majority stakes in its local operations to Zimbabweans.

Zim 'sick and tired' of Implats delays

2012-02-29 13:02

In a verbal attack on Impala Platinum, Zimbabwe's empowerment minister says he is fed up with the miner's failure to comply with local black ownership laws.

Absa downgrades African precious metals

2012-02-28 11:16

Absa Capital has cut the African precious metals industry to “negative” from “neutral”, and says profitability will likely remain historically low.


Zimplats reports reduced revenues

2013-08-02 14:42

Implats subsidiary Zimplats attributes a 26% revenue drop to $125.8m for the three months to June to lacklustre sales volumes and lower metal prices.

Implats Zim deal in jeopardy

2013-03-07 10:37

Impala Platinum's indigenisation efforts have been thrown into disarray after demands by Robert Mugabe that Zimplats give away 51% of its shares for free.

Zimplats signs away 51% stake

2013-01-11 15:04

Impala Platinum has signed away a majority stake in its Zimbabwe-based operations Zimplats in compliance with local empowerment laws.

Implats owes us millions, says family

2012-10-17 09:12

A North West family which claims Impala Platinum has used their land for 36 years without compensation demands millions from the miner, according to a report.

Implats pay hikes to kick in on Monday

2012-09-28 07:38

Platinum miner Impala Platinum says wage increases offered to workers to avert looming strike action would take effect from Monday.

Zim miners to face greater tax scrutiny

2012-09-25 10:46

Zimbabwe's tax authorities have been given sweeping new powers that will directly affect SA-owned firms like Anglo Platinum, Aquarius and Impala.

Implats mulling over workers' demands

2012-09-11 13:31

Mine management would consider the demands of a group of workers who want a second pay hike in six months, Impala Platinum says.

Implats miners demand another increase

2012-09-09 22:15

Impala Platinum says 15 000 of its workers are demanding another 10% pay hike, following a 10% increase that was approved in April this year.

Implats knocked by strike costs

2012-08-23 09:00

Impala Platinum says headline earnings for the 2012 financial year fell 38% after its production was knocked by a violent strike at its Rustenburg mine earlier this year.

Implats appoints new CEO

2012-06-01 13:19

The world's second largest platinum miner Impala Platinum has announced that Terence Goodlace will be the company's new CEO.

Implats March quarter output tumbles

2012-05-29 09:01

Impala Platinum says refined platinum fell 46% in the three months to end-March and its embattled Rustenburg mine will return to pre-strike levels in June.

Implats workers return to shifts

2012-05-24 08:22

Impala Platinum says workers have returned to the job at its Rustenburg mine after a two-day stoppage that cost it at least 6 000 ounces in output.

Rustenburg unrest cuts Implats output

2012-05-22 10:50

Impala Platinum is losing production of 3 000 ounces a day with most workers not reporting for duty at its Rustenburg mine because of ongoing union rivalry.

Fresh protests erupt near Implats mine

2012-05-22 07:59

Fresh protests erupted at an informal settlement near Impala Platinum's Rustenburg operations, the latest trouble at the world’s largest platinum mine.

Zim yet to conclude Zimplats terms

2012-03-23 09:11

Zimbabwe and mining firm Zimplats have yet to settle the details of a deal in which the company is to cede a 51% stake to local investors, a cabinet minister says.

Zim insists on Implats equity deadline

2012-03-07 09:40

Zimbabwe has turned down a request by Impala Platinum to extend a deadline to hand over a 29.5% stake in its Zimplats unit to a state-run fund.

Implats strike has R2.4bn price tag

2012-03-02 14:04

An illegal strike at Impala Platinum's Rustenburg mine has cost it dear, with 120 000 ounces in lost production equating to R2.4bn in lost revenue.

Implats 'will not exit Zimbabwe'

2012-03-01 08:18

Impala Platinum says it will not leave Zimbabwe despite the government's demands that it hand over majority stakes in its local operations to Zimbabweans.

Implats caused Rustenburg chaos - Num

2012-02-27 11:12

Impala Platinum did not follow proper procedure and is responsible for the five-week strike at its Rustenburg mine, the National Union of Mineworkers says.

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go! - shop online today

Save up to 40% on outdoor accessories!

Tents, sleeping, day packs and more. While stocks last. Shop now!

Month End Madness Sale!

Save up to 60% on across a wide range of goods from books to electronics, DVDs and many more. Sale end 31 January 2015. Shop now!

Valentine’s Day gifts – 14 Feb!

Gifts to spoil him and her. While stocks last. Shop now!

30% off fragrances

Get 30% off fragrances for him and her. While stocks last. Shop now!

Up to 30% off All Textbooks

Save up to 30% off an extensive range of prescribed textbooks for all major universities and FET colleges. Shop Now!

OLX Free Classifieds [change area]

There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.