Zimplats posts 17% revenue drop

2015-01-30 14:47

Revenue for Impala Platinum-owned Zimplats in the quarter to December 2014 dropped 17%, amid subdued commodity prices on the international market.

Protracted strike hits Implats earnings

2014-12-09 09:34

Impala Platinum is expecting its earnings to be 20% lower primarily due to lower production from its Rustenburg operations.

Zimplats gets smelter to comply with new laws

2014-07-31 11:25

Impala Platinum-owned Zimplats says it will pay $690m to modify an old smelter to meet government requirements of having all platinum processed in Zimbabwe.

Zimplats posts revenue hike

2014-05-22 14:52

Impala Platinum-owned Zimbabwe Platinum Mines has reported a 9% increase in revenue for the quarter, and could soon begin partially processing its matte.

Zimplats reports reduced revenues

2014-02-03 14:55

Lower sales volumes and a metal prices drop saw Impala Platinum Holdings subsidiary Zimplats report revenues that were 13% lower for the quarter to December 2013.

Zim to boost world platinum supplies

2013-11-12 20:15

World supplies of platinum in 2013 will rise by 1.6% to 5.74 million ounces with higher output from Zimbabwe accounting for most of the gains, a report shows.

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.

Zim government reposses Zimplats' land

2013-02-13 10:01

The Zimbabwean government has with immediate effect repossessed excess ground from Zimplats measuring 27 948 hectares, Mines Minister Obert Mpofu says.

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.

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.

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.

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.

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.

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.

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.

Implats CEO to step down

2012-01-18 15:38

Impala Platinum CEO David Brown has quit against the backdrop of a poorly performing share price and tough talks with Zimbabwe on its operations there.

Zimbabwe won't cancel mining licences

2011-09-14 11:26

Zimbabwe has no intention of cancelling the mining licences of foreign miners and will continue talks on a 51% local stake, says the mines minister.

Zimbabwe still in talks with miners

2011-09-09 10:07

Discussions are continuing between authorities and mining firms that have requested more time to table empowerment plans, says a Zimbabwe newspaper.


Promising future for Zim mining

2015-01-06 19:56

Mining executives are increasingly enthusiastic about expanding mining operations in Zimbabwe because of the uncomplicated labour environment.

Implats closes Zimplats mine

2014-08-20 10:32

The Bimha mine in Zimbabwe, operated by Impala Platinum's subsidiary Zimplats, has been closed, says Implats.

SA-owned mine collapses in Zim

2014-07-18 13:12

Zimplats' Bimha Mine has collapsed but quick reaction by the management team and timely evacuation of personnel has spared it from injury or damage.

Zimplats adds 29% to Impala profits

2014-02-27 14:11

Profits of Impala Platinum-owned Zimplats jumped 237% to R246m for the interim period to February 2014, and the firm contributed 28.6% to Impala’s total profits.

Mines submit plans for Zim refinery

2014-01-19 20:00

Major platinum miners in Zimbabwe have met a government deadline to agree and submit plans to build a major refinery by the end of 2016, a report says.

Zim to review Zimplats' empowerment deals

2013-10-31 19:40

The Zimbabwean new minister of indigenisation will review the indigenisation plan of Zimplats and discuss land acquisition.

Zimplats to appeal land grab

2013-03-01 20:02

Zimplats has been given 30 days to appeal a government directive that the miner give up nearly 28ha of land, a report states.

Zim set to seize idle land from Zimplats

2013-02-12 19:32

Nearly 28ha of land leased by miner Zimplats will be taken over by the Zimbabwean government, in a fresh drive to re-allocate assets to local business.

Zim's indigenisation progress hailed

2012-10-21 11:22

Only three mines in Zimbabwe are yet to table plans on how they will comply with the country’s 51% indigenisation programme, says empowerment minister Saviour Kasukuwere.

Zimplats profit tumbles on weak prices

2012-08-01 15:14

Impala Platinum's Zimbabwe unit Zimplats posted a 52% operating profit drop in the fourth quarter to June, mainly due to weaker platinum group metal prices.

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.

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 surrender boosts Zanu-PF for poll

2012-03-14 17:20

Impala Platinum's giving up of 51% of its Zimplats unit to local owners is likely to embolden Mugabe and Zanu-PF to pressure more miners ahead of elections.

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.

Zimplats given two-week ultimatum

2012-02-26 16:09

Impala Platinum's Zimbabwe unit Zimplats has been ordered to transfer 29.5% of its shares to a state-run fund to comply with local empowerment laws.

Zimplats hit with $28m royalties bill

2012-01-09 10:00

Zimbabwe has instructed Impala Platinum’s local unit Zimplats to pay $28.3m in outstanding royalty payments, which the miner disputes, state media reports.

New Zimplats equity plan approved

2011-09-13 11:54

Zimbabwe and Zimplats, the local unit of the world's second-largest platinum producer Impala Platinum Holdings, have agreed on a revised empowerment plan.

Zimplats licence under threat

2011-09-07 11:18

Zimbabwe wants to cancel the licence of platinum mining giant Zimplats because it refuses to hand over 51% of its shares to blacks, report state media.

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