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.


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.

  • Saturday Cape Town - 07:38 AM
    Road name: M3 Inbound
    EVENT - left lane closed between Rhodes Avenue and UCT
  • Saturday Constantia - 07:19 AM
    Road name: Rhodes Drive Both Ways
    ROAD CLOSED between Constantia Nek and Canterbury Road until 1300
More traffic reports...

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Escape winter, head to Mauritius

Escape winter by spending 7 nights in Mauritius' tropical bliss from R13 215 per person sharing. Includes return flights, airport transfers and accommodation. Book now! - shop online today

Get many eggs in one basket!

Gaming bundles: 2 Super Hits games for R99, 3 Disney games for R99 and more + exclusive accessory bundles only available on While stocks last. Shop now!

25% off bestselling books!

The Real Meal Revolution by Tim Noakes, Jeffrey Archer’s Be Careful What You Wish for, Man’s Search for Meaning by Victor E. Frank and many more titles. Shop now!

Up to 25% off electronics

Buy top electronics and save up to 25%. Such as’s 1# selling product the gobii eReader, Patriot X Porter flash drive, Asus Nexus 7” 3G tablet, Samsung Galaxy SIII, Lenovo G580 Notebook and many more. Shop now!

DStv HD PVR Decoder now R949

The DStv HD PVR Decoder has further revolutionised the television experience with lifelike viewing, sharper images, more vibrant colours and precision picture quality. Now R949, save R550. Offer valid while stocks last. Shop now!

Up to 30% off appliances & homeware

Save up to 30% on appliances and homeware this Easter! Offer valid while stocks last. Shop now.

OLX Free Classifieds [change area]

Samsung Galaxy s4

Mobile, Cell Phones in South Africa, Western Cape, Cape Town. Date October 24

Best bargain in big bay

Real Estate, Houses - Apartments for Sale in South Africa, Western Cape, Cape Town. Date October 25

VW Golf 6, 1.6 Trendline (Excellent condition)

Vehicles, Cars in South Africa, Western Cape, Cape Town. Date October 25

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.