Corporate Responsibility Report 2007

Corporate Responsibility Report 2007

Corporate profile

Implats:

  • produced 2.026Moz of platinum (3.858Moz of PGMs) in FY2007.
  • employed 47,190 people (including contractors) as at the end of FY2007 – 42,150 in South Africa and 5,040 in Zimbabwe.
  • has total attributable Mineral Reserves of 40Moz of platinum and attributable Mineral Resources (inclusive of Mineral Reserves) of 187Moz of platinum.

Impala Platinum Holdings Limited (Implats), a leading global producer of platinum, produced 2.026Moz of platinum (approximately 25% of global supply) and 3.858Moz of platinum group metals (PGMs).

Implats’ mining operations are located on the two most significant, known platinum group minerals bearing orebodies in the world: the Bushveld Complex in South Africa and the Great Dyke in Zimbabwe:

  • In South Africa, these are located on the western limb of the Bushveld Complex – Impala Platinum (Impala) – and on the eastern limb – Marula Platinum (Marula) and Two Rivers Platinum (Two Rivers). Impala and Marula are managed by Implats, while the Two Rivers joint venture is operated by Implats’ partner, African Rainbow Minerals (ARM). Impala houses the group’s mineral processing assets, which together with its mining operation comprise Impala Rustenburg, as well as the precious and base metals refineries which comprise Impala Springs.
  • In Zimbabwe, Implats operates Zimplats Holdings Limited (Zimplats) and has a joint venture with Aquarius Platinum Limited in Mimosa Platinum. Zimplats is listed on the Australian Securities Exchange (ASX).

In addition, Implats has a 74% interest in the Leeuwkop project through its stake in Afplats, which also has interests in the Imbasa–Inkosi extension project.

While our exploration efforts are focused on proving and extending resources, Implats has a number of projects in Botswana, Canada, Madagascar, Mozambique and South Africa. Some of these are in joint ventures and alliances with other companies.

At a strategic holding level, we hold an 8.6% interest in Aquarius which is listed on the London Stock Exchange (LSE), the ASX and the JSE Limited (JSE). Implats also has a 20% stake in Aquarius Platinum South Africa (AQPSA), which has operations on the western (Kroondal and Marikana) and eastern (Everest) limbs of the Bushveld Complex.

Through Impala Refining Services (IRS), Implats uses Impala’s excess smelting and refining capacity to process the concentrate and matte produced by its mine–to–market operations as well as material purchased from other companies. Toll–refining is also undertaken on behalf of other companies. Through our association with A–1 Specialised Services and Supplies Inc., we are one of the largest auto catalyst recyclers in the world.

Implats has a primary listing on the JSE (IMP) and a secondary listing on the LSE (IPLA). The company may also be traded via a sponsored level 1 ADR programme (IMPUY) in the United States.

Implats’ values

  • Safeguarding the health and safety of our employees, and caring for the environment in which we operate.
  • Acting with integrity and openness in all that we do and fostering a workplace in which honest and open communication thrives.
  • Promoting and rewarding teamwork, innovation, continuous improvement and the application of best practice by being a responsible employer, developing people to the best of their abilities and fostering a culture of mutual respect among employees.
  • Being accountable and responsible for our actions as a company and as individuals.
  • Being a good corporate citizen to the communities in which we live and work.

Impala Platinum Holdings Limited – Corporate Responsibility Report 2007