Impala Zimbabwe to Submit New Proposal to Sell Majority Stake by November
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.
Articles Tagged "zimplats"
Zimbabwe’s New Mine Laws May Prevent Platinum Surplus, Standard Bank Says
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
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
Mining Weekly reported that Zimplats has signed a contract to buy power for its platinum mining expansion in Zimbabwe from Cahora Bassa in Mozambique.
Zimplats H1 Profit Soars
Reuters Africa reported that rising metal prices and increased production led to significantly higher profits for Zimplats for the second half of 2010.
Zimplats Halts Open Cast Platinum Mining
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
Zimplats Holdings ceased open pit mining
Impala Platinum’s Zimbabwe unit Zimplats Holdings Ltd says ceased open pit mining. For full story, click here
Zimplats seeks funds to complete project
Zimplats said it was making frantic efforts to secure funds for the finalisation of the Ngezi Phase One expansion project, which has a bearing on the company’s profitability. For full story, click here
Falling platinum prices threaten Zimplats survival
Falling global platinum prices are threatening the viability and survival of Zimbabwe’s largest platinum producer, Zimplats, the company warned. For full story, click here
Gold exceeds platinum in value
Platinum has shed 45 per cent of its value in just nine months. Last Friday the spot price of platinum hit a low of $812.75 per oz. Now, for this first time in 12 years gold has surpassed platinum in value.
