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.
Articles Tagged "zimplats"
Zimbabwe Approves Implats and Aquarius Ownership Plans
Reuters reported Zimbabwe has finally agreed to Implats' (JSE:IMP) and Aquarius Platinum's (ASX:AQP,LSE:AQP) respective plans to nationalize ownership.
Zimbabwe to Compensate Implats With $1 Billion
Mining Weekly reported Zimbabwe will need up to $1 billion to compensate Impala Platinum (JSE:IMP) for the switch to local management.
Zimplats Expects Mine to Operate for 30 Years
Bloomberg reported Impala Platinum's (JSE:IMP) Zimbabwe unit says it expects its mine to produce metal for 30 years.
Zimbabwe Refuses Extension of Due Date for Zimplats
Bloomberg reported Zimbabwe rejected a request by Zimplats (JSE:IMP) to extend the deadline when the company must hand over ownership to local citizens.
Zimbabwe Impala Platinum Sees 68% Drop in Profit
Reuters Africa reported Impala Platinum's (JSE:IMP) Zimbabwe unit saw a 68% profit drop in quarterly profit.
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.
Platinum Use in Cars Expected to Increase to $7 Billion
Mining Weekly reported carmakers will use $7-billion worth of platinum in catalytic converters next year, diminishing overstock as production declines.
Zimplats Q1 Output Down, Eyes Local Ownership Plan
Reuters Africa reported Impala Platinum's (JSE:IMP) Zimbabwe unit said on Monday metal production fell 13 percent during the July-September quarter.
Impala Platinum’s Zimbabwe Unit to Give Revised Ownership Plan by Nov. 15
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.
