Zimplats Owes $28 Million in Royalties
Reuters reported Zimbabwe Zimplats (JSE:IMP) to pay $28.3 million in outstanding royalty payments, which the platinum miner is disputing.
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Platinum Use in Cars Expected to Increase to $7 Billion
Thursday, December 15, 2011
Mining Weekly reported carmakers will use $7-billion worth of platinum in catalytic converters next year, diminishing overstock as production declines.
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Zimplats Q1 Output Down, Eyes Local Ownership Plan
Monday, October 31, 2011
Reuters Africa reported Impala Platinum's (JSE:IMP) Zimbabwe unit said on Monday metal production fell 13 percent during the July-September quarter.
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Impala Platinum’s Zimbabwe Unit to Give Revised Ownership Plan by Nov. 15
Tuesday, September 13, 2011
Bloomberg reported Impala Platinum Holdings Ltd. (JNB:IMP)’s Zimbabwe unit will submit a revised plan to meet the government’s ownership law by Nov. 15.
Impala Zimbabwe to Submit New Proposal to Sell Majority Stake by November
Monday, September 12, 2011
Bloomberg reported Impala Platinum Holdings Ltd. (JNB:IMP) said it will submit a new proposal to sell a majority stake in the company by November.
Zimbabwe’s New Mine Laws May Prevent Platinum Surplus, Standard Bank Says
Thursday, September 8, 2011
Bloomberg reported if Zimbabwe withdraws the mining license of Zimplats (ASX:ZIM), it may produce less platinum next year, preventing a global surplus.
Zimplats Fourth-Quarter Operating Profit and Platinum Production Rises
Friday, July 29, 2011
Bloomberg reports Zimplats (ASX:ZIM), a unit of South Africa’s Impala Platinum Holdings Ltd. (JNB:IMP), posted fourth- quarter operating profit of $69.6 million.
Zimplats to Buy Electricity Directly from Cahora Bassa
Thursday, February 24, 2011
Mining Weekly reported that Zimplats has signed a contract to buy power for its platinum mining expansion in Zimbabwe from Cahora Bassa in Mozambique.
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Zimplats H1 Profit Soars
Friday, February 18, 2011
Reuters Africa reported that rising metal prices and increased production led to significantly higher profits for Zimplats for the second half of 2010.
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Zimplats Halts Open Cast Platinum Mining
Monday, February 9, 2009
South African owned Zimbabwe Platinum Mines has shut down its open cast mining operations at Ngezi Mine along the rich great dyke, citing a drop in platinum prices on the international market and increasing operating costs in the troubled southern African country. For full story, click here
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