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 has ended the formal disposal process, subsequent to announcing in February its intention to seek value through the possible disposal.

Following a thorough assessment over the last quarter, the Board of Directors of Implats has resolved that enhanced shareholder returns will best be obtained by focusing on strategic interventions that will optimise performance at this operation, including a reduction in operating costs and growing output to 90 000 platinum ounces per annum, Implats reports.

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