Bloomberg reported that the Zimbabwe government has no intention of stopping its acquisition of 27,498 hectares of Impala’s platinum unit, Zimplats Ltd, even as the biggest platinum producer in the country continues to discuss its appeal.
Articles Tagged "Impala Platinum"
Bloomberg reported that Zimbabwe, which has the second biggest platinum reserves in the world, is in the process of creating a law that would enable its government to seize companies’ controlling stakes without paying.
Bloomberg reported that Impala Platinum Holdings Ltd. said the government of Zimbabwe wants 50% of its mining claims in the country, or about 27,948 hectares of land.
Zimbabwe is planning to repossess Zimplats' land and distribute it to new investors.
Reuters reported that South African stocks have edged higher and Impala Platinum rose for the first time in 3 sessions due to profit warning and higher US retail sales.
Bloomberg reported that the world’s second biggest producer of platinum, Impala Platinum Ltd., said that its first half profit decrease to as much as 79% due to rising costs and a $68M writedown.
Reuters reported that South African shares have taken global stocks higher as Impala, Anglo American, and several other platinum producers led the benchmark index on Friday.
FM reported Impala Platinum's (JSE:IMP) reported its platinum operations are working at about 80% production levels compared to production before strikes.
Mineweb reported Impala Platinum's (JSE:IMP) ex-CEO, David Brown said accusations that he kicked off the recent spate of wild-cat strikes by negotiating and settling with illegally striking workers is misplaced.
Reuters reported Impala Platinum (JSE:IMP) says pay hikes offered on Friday were aimed at averting a strike and ensuring peace.