Corporate Responsibility Report 2008

Corporate profile

Impala Platinum Holdings Limited (Implats), a leading global producer of platinum, produced 1.9Moz of platinum (approximately 25% of global supply) and 3.6Moz of platinum group metals (PGMs) for the 2008 financial year.

Implats’ mining interests are located on the two most significant known PGM-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 and the Leeuwkop project) and on the eastern limb (Marula Platinum and Two Rivers Platinum). Impala and Marula are managed by Implats, while the Two Rivers joint venture is operated by Implats’ partner, African Rainbow Minerals (ARM). Impala Platinum comprises Impala Rustenburg (mining and smelting operations) and Impala Springs (precious and base metals refining).
  • In Zimbabwe, Implats operates Zimplats Holdings and has a joint venture with Aquarius Platinum in Mimosa Platinum. Zimplats is listed on the Australian Securities Exchange (ASX).

Impala Refining Services uses Impala Platinum’s excess smelting and refining capacity to process the concentrate and matte produced by the various mine-to-market operations, as well as material purchased from other companies. Toll-refining is also undertaken on behalf of other companies. Implats is one of the largest autocatalyst 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. The group’s head office is located in Johannesburg, South Africa.

Map of operations

1. Impala (100%)

  • a 14-shaft mining system, with three new shafts under development
  • Mineral Processes, which incorporates the concentrating and smelting plants
  • Refineries, which houses the base metals and precious metals refineries
  • 44 838 employees (including contractors)

2. Zimplats (86.9%)

  • Opencast and underground mines at Ngezi
  • Selous Metallurgical Complex (SMC) – concentrator and smelter
  • 5 882 employees (including contractors)

3. Mimosa (50%) JV with Aquarius Platinum

  • Semi-mechanised shallow underground mine
  • Mill and concentrator plant
  • 1 796 employees (including contractors) (100% of employees)

4. Marula (73%)

  • Balance of 27% held by BEE interests
  • Two on-reef decline shafts, Driekop and Clapham, and an off-reef conventional decline
  • Concentrator
  • 3 586 employees (including contractors)

5. Two Rivers (45%) JV with ARM

  • Two declines
    • opencast operation
    • concentrator
  • 2 148 employees (including contractors)

6. Leeuwkop (74%)

  • Balance of 26% held by BEE interest
  • Twin-shaft system to be developed
  • Concentrator to be constructed

7. Impala Refining Services (100%)

  • Houses Implats’ smelting and refining services
  • Activities undertaken at both Impala Springs and Impala Rustenburg
  • Provision of smelting and refining services to mine-to-market producers with which it enters into offtake agreements, as well as toll-refining

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Implats - Corporate Responsibility Report 2008