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Impala Platinum invests R120M in education for Rustenburg’s youth

Impala Platinum, in partnership with the North West Department of Education and the Impala Bafokeng Trust, has recently commenced construction of Platinum Village School in Rustenburg. The R120 million school building initiative will provide a...

Implats to raise R4Bn as cost and expenditure cutting exercise commences

Impala Platinum (Implats) on Thursday announced its intention to raise up to R4 billion through the sale of new ordinary shares in order to maintain its operational profitability while it implements a revised strategy...

Impala Platinum terminates Marula disposal process 

Impala Platinum (Implats) announced on Wednesday said that it no longer intends to sell its Marula operation, situated on the Eastern Limb of the Bushveld complex near Burgersfort. The company said in a statement that...

Implats doubles Q3 production but warns of power constraint impacts ahead

Impala Platinum’s gross refined platinum production for its quarter to March ‘15 almost doubled (by 47%) to 301 000 oz of platinum, compared to 205 000 oz platinum in the prior comparable period. The increase...

Impala Platinum to use fuel cell as alternative energy supply

South Africa – Impala Platinum (Implats) has announced that it would embark on a project, which will see it establish a 1.8MW hydrogen-fed fuel cell power solution, to provide energy from early 2016 at...

Amcu’s extra R1bn demands set back platinum strike resolution

Despite hopes that the crippling five-month wage strike in the platinum sector was on the brink of resolution, the Association of Mineworkers and Construction Union (Amcu) has returned with ‘unaffordable’ new demands beyond the...

Platinum producers deliberate Amcu’s conditions for wage agreement

The Association of Mineworkers and Construction Union (Amcu) have reportedly accepted the latest offer made by strike-hit platinum producers – but with conditions. The world’s largest platinum producers Impala Platinum (Implats), Anglo American Platinum (Amplats) and...

Infographic: South Africa’s platinum strike statistics

The Association of Mineworkers and Construction Union (Amcu) has agreed to take the latest wage offer by platinum producers to its workers, which may finally bring an end to the longest and costliest strike...

Platinum sector restructuring may be inevitable

As the five-month wage strike in South Africa’s platinum sector potentially draws to a close this week, fears are arising that platinum workers may struggle to keep their jobs. Since the strike began on 23...

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