Zimplats Profits Rise
Reuters reported Impala Platinum's (JSE:IMP) Zimbabwe unit Zimplats reported a 170 percent jump in third-quarter profit on Monday, buoyed by higher platinum prices.
Reuters reported Impala Platinum's (JSE:IMP) Zimbabwe unit Zimplats reported a 170 percent jump in third-quarter profit on Monday, buoyed by higher platinum prices.
Reuters reported Zimbabwe has finally agreed to Implats' (JSE:IMP) and Aquarius Platinum's (ASX:AQP,LSE:AQP) respective plans to nationalize ownership.
Mining Weekly reported Zimbabwe will need up to $1 billion to compensate Impala Platinum (JSE:IMP) for the switch to local management.
Bloomberg reported Impala Platinum's (JSE:IMP) Zimbabwe unit says it expects its mine to produce metal for 30 years.
Bloomberg reported Zimbabwe rejected a request by Zimplats (JSE:IMP) to extend the deadline when the company must hand over ownership to local citizens.
Reuters Africa reported Impala Platinum's (JSE:IMP) Zimbabwe unit saw a 68% profit drop in quarterly profit.
Reuters reported Zimbabwe Zimplats (JSE:IMP) to pay $28.3 million in outstanding royalty payments, which the platinum miner is disputing.
Mining Weekly reported carmakers will use $7-billion worth of platinum in catalytic converters next year, diminishing overstock as production declines.
Reuters Africa reported Impala Platinum's (JSE:IMP) Zimbabwe unit said on Monday metal production fell 13 percent during the July-September quarter.
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.
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