Zim central bank pressured to act on Panama Papers

2016-05-20 11:15

Zimbabwe’s central bank has been pressured to investigate illegal dealings by Zimbabwean businessmen and executives named in the Panama Papers.

Zimplats slashes capex spend, freezes new labour

2016-02-25 15:15

Low platinum prices and a loss for the six months end-December 31 have forced Impala Platinum-owned Zimplats to cut capital expenditure by 54%.

Zimplats to go ahead with $447m expansion project

2016-02-02 20:10

Zimplats says it is going ahead with its Zimbabwe based projects despite continued threats on a portion of its mining lease area.

Zimplats to focus on beneficiation as profit drops

2015-08-31 14:39

Impala Platinum's Zimbabwean unit Zimplats has announced a 29% and 56% revenue and pre-tax profit fall for its full year, and is now focusing on mineral beneficiation.

Zimplats soars despite rising costs

2015-05-01 09:55

Impala Platinum's unit in Zimbabwe has raised revenues for the quarter to end March by 10% to $110m, although operating costs also went up by 11%.

Zimplats slips on low prices and mine closure

2015-02-27 13:35

Impala Platinum's Zimbabwe-based unit Zimplats reported a significant half-year profit drop due to lower metal prices and the write-off of its Bimha mine.

SA-owned Zim mine on course for platinum refinery

2015-02-04 20:15

Impala Platinum-owned Zimplats is on course to operationalise its base metal refinery by June next year, according to chief executive Alex Mhembere.

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.


Panama leaks: Implats refutes it paid Zim wages via offshore firm

2016-04-04 20:46

Impala Platinum has been sucked into the Panama Papers debacle after leaked documents showed its Zimbabwe unit used an offshore firm to pay workers’ salaries.

Zim repays Implats unit $100m, revenues tumble

2016-02-05 13:17

Zimbabwe says it repaid Impala Platinum’s unit in the country about $100m in overpaid royalties, dragging down earnings from the mineral royalties segment by 110%.

Zimplats swings back to profit after revenue, output jump

2015-10-30 11:56

Impala Platinum’s unit in Zimbabwe has swung back into profit making, although the outlook for commodity prices remains weak, after it ramped up profits.

Low international prices hit Zimplats earnings

2015-08-03 09:10

Impala Platinum's Zimbabwe-based unit Zimplats has reported a 41% revenue drop for the quarter ended June 30 on depressed international prices.

SA miners in Zim encounter headwinds

2015-03-06 14:25

Zimbabwe's mining output is declining as miners - including units of South African groups - grapple with low commodity prices and a challenging operating framework.

Mine expansion plans in Zim under threat

2015-02-18 18:35

Mine expansion plans for companies in Zimbabwe and the growth of the crucial industry is now under threat because of continued depressed metal prices.

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.

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