30 November 2016
Approval of new US$264 million Mupani underground mine at Zimplats
Following completion of a bankable feasibility study, the Implats and Zimplats Boards of Directors have given their respective approvals to proceed with the development of the US$264 million Mupani Mine (Portal 6) at Zimplats. The new underground mining complex will replace production from Rukodzi Mine and Ngwarati Mine once they are mined out and closed.
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31 October 2016
Implats Rustenburg and Marula operations reach wage settlement
Johannesburg, 31 October 2016: Subsidiary operating companies of Implats, Impala’s Rustenburg operations and Marula, have signed a three year wage settlement with the Association of Mineworkers and Construction Union (AMCU). This deal is effective 1 July 2016.
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03 October 2016
Implats refining operations reach wage settlement
Johannesburg, 3 October 2016: Implats’ refinery operation (situated in Springs, east of Johannesburg) has agreed a two‐year wage settlement with the National Union of Mineworkers (NUM).
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03 June 2016
Impala Rustenburg 1 Shaft fall of ground ‐ update
It is with deep sadness that the Impala Platinum management team and the Board of Directors of Implats announce that after an intensive search and rescue operation, the body of Mr Ohemile Moses Maamogwa has now been located.
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29 May 2016
Implats hails record‐breaking performance of comrades winner and colleague David Gatebe
The record‐breaking Comrades performance of David Gatebe this morning is credit to the exceptional hard work and dedication of an elite athlete, says Gatebe’s employer, JSE‐listed platinum producer Implats.
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20 May 2016
Impala Rustenburg 1 shaft fall of ground ‐ update
Following yesterday’s announcement that the body of one of the missing miners was located underground after the fall of ground incident at Impala Rustenburg’s 1 Shaft, management can now confirm that the body of 40 year old Mr Tanki Samuel Lepitikoe was successfully recovered today by mine rescue personnel and has been brought to surface.
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19 May 2016
Impala Rustenburg 1 shaft fall of ground ‐ update
Johannesburg, 19 May 2016: Following the fall of ground incident that occurred at Impala Rustenburg’s 1 Shaft on 17 May 2016, it is with sincere and deep regret that the Board of Directors and management team announce the discovery of the body of one of the missing employees. The body wasfound in an area with extremely unstable ground conditions and has not yet been recovered. The search and rescue teams are continuing with their relentless efforts to find the second miner.
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18 May 2016
Resignation of Mr Terence Goodlace as chief executive officer
Implats wishes to announce to shareholders that after six years on the Implats board of directors (the “Board”), of which the initial two were as a non‐executive director, Mr Terence Goodlace has advised the Board that he will step down as Chief Executive and executive director of the Company on 1 December 2016.
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04 April 2016
Notice of disposal of shareholding by Royal Bafokeng Holdings
Impala Platinum Holdings Limited (“Implats”) today announced that the Company has received formal notification that Royal Bafokeng Holdings (Pty) Limited (“RBH”) has reduced its shareholding in Implats to 46 198 521 ordinary shares.
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30 March 2016
Implats unveils new prototype fuel cell forklift and hydrogen refuelling station
Today, in partnership with the University of the Western Cape (UWC), Impala Platinum Limited unveiled its prototype hydrogen fuel cell forklift and refuelling station at its Impala Refining Services in Springs, outside Johannesburg.
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24 January 2016
Impala Rustenburg 14 Shaft fire - update
Following the underground fire at Implats’ 14 Shaft on 22 January 2016, in which four employees tragically lost their lives, mine management are continuing the engagement process with the families of the deceased and providing all the support and assistance required at this very difficult time.
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23 January 2016
Search continues for four employees at Impala Rustenburg 14 Shaft
A search and rescue operation for four missing employees has been initiated and is underway at Impala Rustenburg’s 14 Shaft following an underground fire reported during the evening shift on Friday, 22 January 2016. All other employees were safely evacuated from underground once the alarm had been raised.
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23 January 2016
Search for four employees at Impala Rustenburg - update
Implats regrets to announce that all four employees that were missing, following an underground fire at Impala’s 14 Shaft on 22 January 2016, have passed away. Impala Platinum management, the Department of Mineral Resources (DMR) and Association of Mine Workers and Construction Union (AMCU) have been informed by mine rescue teams that the four employees were overcome by fumes while they were trying to find their way to safety.
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09 November 2015
Notice of acquisition of Implats Securities
In accordance with Section 122(3)(b) of the Companies Act, No 71 of 2008, as amended, and paragraph 3.83(b) of the JSE Limited Listings Requirements, Implats shareholders are advised that the Company has received formal notification that Investec Asset Management Holdings Proprietary Limited (Investec), on behalf of its segregated clients, has acquired a beneficial interest in securities of the Company, such that the total interest in securities held by Investec now amounts to 5.1027% of the issued ordinary share capital of the Company.
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21 October 2015
Results of annual general meeting
Implats (“Shareholders”) are advised that at the fifty-ninth annual general meeting of Shareholders (“Annual General Meeting”) held at the Company’s registered office on Wednesday, 21 October 2015, in terms of the notice of Annual General Meeting distributed to Shareholders on Monday, 22 September 2015, all of the resolutions tabled were passed by the requisite majority of votes cast by Shareholders.
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21 October 2015
Resignation of a director
In accordance with paragraph 3.59(b) of the JSE Limited Listings Requirements, Implats confirms the resignation of Dr Khotso Mokhele as an independent non-executive director of the board of directors of Implats (“the board”).
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08 October 2015
Dealing in securities by a director
In compliance with paragraphs 3.63 to 3.66 of the JSE Limited Listings Requirements, the following information is disclosed.
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07 October 2015
Results of placing
Implats is pleased to announce the successful completion of the placing of Implats ordinary shares announced yesterday, 6 October 2015 (the "Placing").
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06 October 2015
Results of general meeting
Implats shareholders are referred to the announcement released on the Stock Exchange News Service on 3 September 2015 and to the circular issued to Implats shareholders on 4 September 2015, relating to the proposed equity capital raising of up to R4 billion via an accelerated bookbuild process to qualifying investors (the "Specific Issue of Shares for Cash").
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06 October 2015
Implats announces a placing of new ordinary shares to raise up to zar 4.0 billion
Further to the announcement on 3 September 2015 and the results of the general meeting on 6 October 2015, Implats announces the launch of an equity offering of new Implats ordinary shares to raise up to ZAR4.0 billion through an accelerated bookbuild offering to qualifying investors (the "Placing”). UBS Limited is acting as underwriter and sole bookrunner ("UBS", the "Bookrunner").
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18 September 2015
Impala Platinum committed to improving living standards
RUSTENBURG HERALD RUSTENBURG Since 2007, leader in the mining industry in terms of contribution to improving employee accommodation, Impala Platinum Holdings Limited (Implats) has invested over R3.5 billion in housing developments for its workers and this has culminated in, amongst other, the Platinum Village.
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24 August 2015
Trading statement for the year ended 30 June 2015
Shareholders are advised that Implats’ headline earnings per share (HEPS) for the year ended 30 June 2015 are expected to be between 33 cents and 47 cents which is between 45% and 62% lower than that of the year ended 30 June 2014 (HEPS of 86 cents).
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19 August 2015
Notice of acquisition of Implats Securities
In accordance with Section 122(3)(b) of the Companies Act, No 71 of 2008, as amended, and paragraph 3.83(b) of the JSE Limited Listings Requirements.
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27 May 2015
Termination of marula disposal process
Implats’ strategic process announced in February 2015 outlined an option to seek value through a possible disposal of its Marula operation, which is situated on the Eastern Limb of the Bushveld complex near Burgersfort, South Africa.
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31 March 2015
Address by Terence Goodlace on the launch of the com fuel cell
It is indeed a great pleasure to be given the opportunity to discuss Implats’ thoughts on fuel cells with particular reference to the opportunity it offers South Africa
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26 February 2015
Implats defines its strategic intent
Impala Platinum Holdings Limited (Implats) has announced results for the six months ended 31 December 2014 as well as key components of the Group’s strategic review.
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16 February 2015
Trading statement for the six months ended 31 December 2014
Further to the announcement on 9 December 2014, shareholders are advised that Implats’ headline earnings per share (HEPS) for the half year ended 31 December 2014 is expected to be between 53 and 77 cents which is between 45% and 63% lower than that of the half year ended 31 December 2013 (HEPS of 142 cents).
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30 January 2015
Implementation of a Zimbabwean export levy on unbeneficiated PGM revenue
Implats wishes to inform shareholders that a 15% export levy on unbeneficiated platinum group metal (PGM) revenue in Zimbabwe became effective from 1 January 2015, as per the Finance Act (No. 3), 2014 (Act 11 of 2014).
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11 December 2014
Impala Platinum Limited: employee equity transaction
Implats has concluded an equity transaction for the benefit of qualifying employees of its subsidiary company, Impala Platinum Limited. Implats’ Chief Executive Officer, Terence Goodlace commented, “This transaction provides a meaningful way of aligning employees’ interests with the future profitability of Impala, while also increasing the ownership of Historically Disadvantaged South Africans to well above the 26% level.
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28 August 2014
Impala Platinum Holdings Limited (Implats) has announced results for the twelve months ended 30 June 2014.
Implats’ CEO, Terence Goodlace, said: “It has been a challenging year for Implats. Lower than expected platinum group metal prices together with escalating cost pressures and the unprecedented five month industry strike at Impala Rustenburg severely impacted performance. Despite this, the operations outside the Rustenburg area, Zimplats, Mimosa, Marula and Two Rivers, all performed well and delivered good safety and operational results. Throughout the strike period, deliveries continued to key customers and, in particular, to the local South African market that remained adequately stocked during the strike.”
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18 July 2014
Clarification note
Further to an announcement by Zimplats on the Australian Stock Exchange (ASX) this morning, Implats wishes to clarify the impacts of the major underground collapse at the Bimha Mine, which has affected nearly 50% of the current mining footprint at this operation. No injuries or damage to mobile equipment were reporte
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24 June 2014
Wage settlement reached at the Impala Rustenburg operation
Implats is pleased to advise that a three year wage settlement agreement for its Rustenburg operation has been signed with the Association of Mineworkers and Construction Union (AMCU).
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24 April 2014
Implats to take settlement offer directly to employees
Implats advises that, unfortunately, no resolution has yet been achieved in resolving the three-month strike relating to wages and benefits
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17 April 2014
Implats tables settlement offer to AMCU
Offer will ensure that an underground employee’s cash remuneration increases to R12,500 per month by July 2017.
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27 March 2014
AMCU march to Implats HQ
Today, Thursday 27 March 2014, Impala Platinum Holdings Limited (Implats) received a memorandum from the Association of Mineworkers and Construction Union (AMCU) at their head office in Johannesburg.
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05 March 2014
Industrial action update
Implats confirms that discussions with the Association of Mineworkers and Construction Union (AMCU), Anglo American Platinum Limited (Amplats), Impala Platinum Limited (Impala) and Lonmin PLC (Lonmin), being facilitated by the Commission for Conciliation, Mediation and Arbitration (CCMA), have unfortunately not managed to secure a resolution to the industry wage dispute and these discussions have been adjourned.
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27 February 2014
Implats delivers a solid operational performance
Impala Platinum Holdings Limited (Implats) has announced results for the six months ended 31 December 2013.
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29 January 2014
Platinum employers table revised offer
Anglo American Platinum Limited (Amplats), Impala Platinum Holdings Limited (Implats) and Lonmin plc (Lonmin) advise that the companies have tabled a new offer, delivered to the Association of Mineworkers and Construction Union (Amcu) by the Commission for Conciliation, Mediation and Arbitration (CCMA) commissioners.
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23 January 2014
Implats calls on AMCU to help ensure peace and stability
Implats wishes to advise that safe shutdown procedures at its mining and processing operations in the Rustenburg region have been implemented with effect from the commencement of the night shift on Wednesday, 22 January 2014.
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20 January 2014
Impending industrial action at Impala Platinum
Implats confirms that the Association of Mineworkers and Construction Union (AMCU) has issued a strike notice to Impala Platinum (Impala) and that strike action will commence at our Rustenburg mining operation from the morning shift on Thursday 23 January 2014.
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17 January 2014
Implats strengthens executive leadership
Implats is pleased to announce the appointment of Andile Sangqu as Group Executive: Sustainability and Risk, with effect from 1 March 2014.
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15 November 2013
Implats appoints a new operation head for Rustenburg
Implats is pleased to announce the appointment of Nelson Ndlala as the new Executive Head: Rustenburg Operations with immediate effect. He will report directly to Terence Goodlace, the Chief Executive Officer and will take responsibility for leading the Company’s Rustenburg operations. He will serve as a member of the Executive Committee as well as represent the Company on a number of its operational boards.
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18 October 2013
Resignation of executive director of the board
The board of directors of Implats, in compliance with section 3.59 of the JSE Listings Requirements, announces the resignation of Paul Dunne as an executive director of the board with immediate effect, following his decision to step down as Group Executive: Operations.
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04 October 2013
New homes for Implats employees
Impala Platinum, Implats' operating subsidiary in Rustenburg, today handed-over the first completed houses at the Platinum Village development to their new owners. Chief Executive Officer Terence Goodlace commented, "This is a proud moment for us at Implats, as we have a strong focus on home ownership. The company's most significant contribution to employees and local communities remains its commitment to improving accommodation and living conditions."
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20 September 2013
Impala Platinum to be in Rustenburg for many years to come
Impala Platinum Holdings Limited’s (Implats') Impala operation in Rustenburg is currently developing three new shafts which will increase its production to around 850 000 platinum ounces by 2018.
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29 August 2013
Improved safety performance but operational and market challenges remain
Impala Platinum Holdings Limited (Implats) has announced results for the full year ended 30 June 2013 today. Implats’ CEO, Terence Goodlace commented, "It has been a good year for the group from a safety improvement perspective. However, it has been a challenging one in terms of operational performance at Impala Rustenburg, a changing workforce dynamic and weak market prices."
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16 August 2013
Trading Statement
Shareholders are advised that Implats' headline earnings per share (HEPS) for the financial year ended 30 June 2013 are expected to be between 308 and 343 cents which is between 50% and 55% lower than that of the financial year ended 30 June 2012 (HEPS of 685 cents)
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08 August 2013
Changes in Directorate
In compliance with Paragraph 3.59 of the Listings Requirements of the JSE Limited, the Board of Directors of Implats (the "Board") hereby announces the following resignations from, and appointments to the Board, with effect from 8th August 2013.
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21 June 2013
Implats commissions new shaft in South Africa
Impala Platinum Holdings Limited’s (Implats) new Number 16 shaft complex in Rustenburg, South Africa, has today been handed-over to the Implats’ management and operational team by the various external contracting and project companies.
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28 March 2013
Zimplats lodges objection to compulsory land acquisition
Impala Platinum Holdings Limited ("Implats") confirms that its subsidiary, Zimbabwe Platinum Mines (Private) Limited (Zimplats) lodged an objection on 27 March 2013 to the Preliminary Notice published in General Notice 123 of 2013 in the Zimbabwean Government Gazette Extraordinary of 1 March 2013 with regard to the President´s intention to acquire compulsorily 27 948 hectares of land held by Zimplats.
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05 March 2013
Proposed compulsory acquisition of Zimplats mining claims
Implats wishes to advise shareholders that the Government of Zimbabwe has, through a Government Gazette Extraordinary dated 1 March 2013 (“Gazette Extraordinary”), indicated that it intends to compulsorily acquire 27 948 hectares or approximately 50% of mining claims owned by the operating subsidiary of the Group, Zimbabwe Platinum Mines (Private) Limited (“Zimplats”), and that such claims would be used “for the benefit of the public”.
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17 February 2013
Developing social capital
Our approach to socio-economic development is based on the understanding that a business cannot be successful in the longer term if its surrounding communities are not economically viable, socially uplifted and environmentally sound. In addition to the significant socio-economic value-added resulting from our core activities, we make further specific social investments into the communities that are home to our employees and their families through our extensive corporate social investment programme. Collectively we believe that our various activities contribute to the establishment of communities that are viable – economically, socially and environmentally – beyond the life of our mines.
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11 February 2013
Trading Statement for the six months ended 31 December 2012
Shareholders are advised that Implats’ basic headline earnings per share (HEPS) and basic earnings per share (EPS) for the six months ended 31 December 2012 are expected to be between 120 and 138 cents which is between 76% and 79% lower than that of the six months ended 31 December 2011 (HEPS of 573 cents; EPS of 575 cents).
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17 January 2013
Implats delivers new Rustenburg school
Implats, the world ’s second-largest platinum producer, heeded the desperate plea of a Rustenburg primary school principal, Mr Mfeleng in 2009.
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11 January 2013
Implats agrees indigenisation implementation plan for Zimplats
Impala Platinum Holdings Limited ("Implats") is pleased to announce that its 87% held subsidiary, Zimplats Holdings Limited ("Zimplats Holdings"), has concluded a nonbinding term sheet in respect of proposed indigenisation implementation plans ("IIP") with the Government of Zimbabwe (as represented by the Ministry of Youth Development, Indigenisation and Empowerment) ("the Government").
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14 December 2012
Mimosa concludes indigenisation implementation plan
Implats is pleased to announce that its 50% held subsidiary Mimosa Investment Holdings ("Mimosa Investments") has concluded a nonbinding term sheet in respect of a proposed indigenisation implementation plan ("IIP") with the Government of Zimbabwe, as represented by the Ministry of Youth Development, Indigenisation and Empowerment.
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10 December 2012
Zimplats committed to indigenisation
In response to a misleading media report in Zimbabwe´s ´The Sunday Mail´ on 9 December 2012, Zimplats has reiterated its commitment to being a good corporate citizen and to working with the Government of Zimbabwe to implement an indigenisation plan that meets the Government´s objectives.
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16 November 2012
First quarter production report
There was one fatal accident during the first quarter of FY2013. Joseph Matatiele, a contractor with Triple M Mining, lost his life in a scraper winch related incident at 9 Shaft at Impala Rustenburg.
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31 October 2012
Implats provides a boost for South Africa's R&D Hydrogen and fuel cell programme
The Department of Science and Technology (DST) has announced its partnership with Implats, the world's second largest Platinum producer, to utilize and build local skills in the development of hydrogen and fuel cell products.
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13 October 2012
Implats calls for peace and stability in union/worker relationships
Today, Saturday 13 October 2012, Impala Platinum Holdings Limited (Implats) received a memorandum from the National Union of Mineworkers (NUM) at their head office in Johannesburg.
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27 September 2012
Impala to give increase following wage review
Impala Platinum Holdings Limited (Implats) today announced that it is to implement a market adjustment for its employees which will add 4.8% to its wage bill.
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11 September 2012
Implats labour relations update
Implats is in the process of informing all stakeholders that the Company has received a wage demand from the Interim Workers Committee (IWC) at Impala Rustenburg.
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23 August 2012
An extremely challenging year for Implats
Impala Platinum Holdings Limited (Implats) announced results for the full year ended 30 June 2012 today.
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22 May 2012
Statement: Rustenburg union rivalry
Implats reported last week that during a clash between rival unions, a company employee was shot and wounded. The SA Police Services has confirmed last night that they have issued warrants of arrest for some of the alleged perpetrators of violence and started arresting people. Employees due to work night shift last night refused to proceed underground when they heard that some of their colleagues, essentially local “AMCU leaders” had been arrested.
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22 May 2012
Implats Statement - Rustenburg union rivalry
Implats reported last week that during a clash between rival unions, a company employee was shot and wounded. The SA Police Services has confirmed last night that they have issued warrants of arrest for some of the alleged perpetrators of violence and started arresting people. Employees due to work night shift last night refused to proceed underground when they heard that some of their colleagues, essentially local “AMCU leaders” had been arrested.
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17 May 2012
Implats Statement - Rustenburg union rivalry
Implats confirms that there were two incidences at its Rustenburg mine this morning involving a confrontation between rival unions.
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24 April 2012
Media release in response to recent radio and tv news items
Implats responds to the various TV and radio news items quoting the Human Rights Commission.
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14 March 2012
Zimplats Indigenisation Update
Impala Platinum Holdings Ltd (Implats) announces further clarification of the agreement reached with the Government of Zimbabwe on 13 March 2012.
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13 March 2012
Zimplats Indigenisation Update
Following a meeting between the Zimbabwean Minister of Youth Development, Indigenisation and Empowerment, and directors of Implats, the new Zimplats Indigenisation Implementation Plan presented to the Minister.
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07 March 2012
Implats statement
Implats has noted the Reuters report this evening with concern. Implats has not made an irrevocable offer to the Zimbabwe Government today. The company’s letter dated 6 March 2012 confirmed Implats’ “commitment to finding an equitable and mutually acceptable solution”’ to the matter.
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02 March 2012
Update on work stoppage at Impala Rustenburg
A further meeting was held this morning with the NUM and a delegation of the rock drill operators in order to clarify elements of the re hiring process. Leaders of the illegal work stoppage would be re-engaged on their previous benefits and conditions providing they were not implicated in violence and intimidation.
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29 February 2012
Update on work stoppage at Impala Rustenburg
Today at a meeting of Implats, the NUM and a delegation of rock drill operators, it was agreed to call an end to the illegal work stoppage. The company hopes that this also signals the end to the violence and intimidation.
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28 February 2012
Update on work stoppage at Impala rustenburg
Following the meeting with NUM and Cosatu on Friday and the decision to re-hire discharged workers on their previous benefits and conditions of service, Implats is encouraging workers to return to work as soon as possible.
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25 February 2012
Update on work stoppage at Impala Rustenburg
Implats announces that following a meeting with the NUM and COSATU on Friday afternoon, 24 February 2012, in Johannesburg, the parties have agreed on a way forward.
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24 February 2012
Zimplats Indigenisation update
Further to the Government of Zimbabwe’s requirement to submit an Indigenisation Implementation Plan (“IIP”), Zimbabwe Platinum Mines (Private) Limited (“Zimplats”), an indirect 87% subsidiary of Implats, submitted its revised plan in November 2011.
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24 February 2012
Update on work stoppage at Impala Rustenburg
Implats is deeply concerned to note that in further incidents of violence overnight, six employees of the company were brutally assaulted. They are all being treated in the mine hospital and their families have been contacted and arrangements made for them to travel to the hospital.
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24 February 2012
Mimosa indigenisation update
Further to the Government of Zimbabwe’s requirement to submit an Indigenisation Implementation Plan (“IIP”), Mimosa Holdings (Private) Limited (“Mimosa”), a 50% subsidiary of Implats, submitted its revised plan in November 2011.
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22 February 2012
Update on work stoppage at Impala Rustenburg
The rehiring process continued today and to date 8,368 workers have been re-engaged, of which 1,074 are rock drill operators. The total Rustenburg employee complement is now 24,168.
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21 February 2012
Update on work stoppage at Impala Rustenburg
Implats is pleased to report that there were no incidents and no injuries during the night of 20 February. There is still a strong SAPS presence on the ground, with a joint operations centre in Phokeng, keeping in contact with Implats and the NUM.
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20 February 2012
Update on work stoppage at Impala Rustenburg
The work stoppage at our Rustenburg operations is now into its fifth week. The more management observes the situation and interacts with the NUM and some of the workers, the more apparent it is that the strike is not about wage demands. In fact, to date, no formal wage demands have been tabled by the NUM which represents the vast majority of workers on the mine, or any other representative body.
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20 February 2012
Implats' stake in Mimosa Platinum
Implats notes with concern the statements made by the Zimbabwean Minister of Youth Development, Indigenisation and Empowerment, Mr Saviour Kasukuwere to the media on Sunday, 19 February 2012 with regard to Implats’ stake in Mimosa Platinum (Pvt) Limited (“Mimosa”).
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16 February 2012
Implats delivers good operational performance in difficult operating environment
Implats CEO David Brown says “The first half of FY2012 has been characterised by a good operational performance in a difficult operating environment as a result the issuance of a high number of Section 54 safety stoppage notices. Despite the loss of 33 000 ounces of platinum due to these interventions, mine-to-market or managed production was virtually unchanged at 738 000 ounces of platinum.
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03 February 2012
Refutal of allegations made by the NUM/COSATU
On the 12th January 2012, the Rock Drill Operators (RDO’s) at Impala Rustenburg’s 14 Shaft embarked on a work stoppage. The RDO’s raised concerns regarding their salaries and were adamant that their issues be addressed without the involvement of the National Union of Mineworkers (NUM).
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03 February 2012
Trading statement
Shareholders are advised that a reasonable degree of certainty exists that Implats’ headline earnings per share (HEPS) and basic earnings per share (EPS) for the six months ended 31 December 2011 are expected to be between 552 cents and 587 cents which is between 60% and 70% higher than that of the six months ended 31 December 2010 (EPS and HEPS of 345 cents).
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01 February 2012
Update on work stoppage at Impala Rustenburg
Impala Platinum Holdings Limited (Implats) wishes to advise that the majority of the mining workforce at its Impala Rustenburg operation failed to report for duty this morning, Wednesday 1 February 2012. Incidents of intimidation have been reported across the property.
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30 January 2012
Work stoppage at Impala Rustenburg
Impala Platinum Holdings Limited (Implats) wishes to advise that the majority of the mining workforce at its Impala Rustenburg operation have failed to report for duty today, Monday 30 January 2012. This follows on a work stoppage by the operation’s rock drill operators (RDO’s), who participated in an illegal work stoppage last week.
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26 January 2012
SECOND UPDATE: Work stoppage by rock drill operators at Impala Rustenburg
Implats wishes to advise that the rock drill operators (RDO’s), who participated in an illegal work stoppage and who failed to report for duty on Tuesday, 24 January 2012 have been dismissed.
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24 January 2012
FIRST UPDATE: Work stoppage by rock drill operators at Impala Rustenburg
Impala Platinum Holdings Limited (Implats) wishes to advise that the 5 000 rock drill operators (RDO’s), who initiated a work stoppage on Friday, 20 January 2012, have failed to report for duty this morning, Tuesday, 24 January 2012.
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23 January 2012
Work stoppage by rock drill operators at Impala Rustenburg
Impala Platinum Holdings Limited (Implats) wishes to advise that a work stoppage involving rock drill operators (RDO’s) numbering approximately 5 000 employees began on Friday, 20 January 2012 and continues today at the Company’s Rustenburg operations. The work stoppage is related to salary grievances.
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18 January 2012
Resignation of Chief Executive Officer and
Executive Director of the Board
Impala Platinum Holdings Limited (Implats), in compliance with section 3.59 of the JSE Listings Requirements, regrets to announce the resignation of David Brown as Chief Executive Officer (“CEO”) and as an Executive Director of the Board. David will step down as CEO with effect from 30 June 2012 in order to pursue his own interests.
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21 November 2011
Update on fall of ground incident at 7 Shaft, Impala Rustenburg
It is with deep regret that Implats announces that the two employees reported missing on Friday were fatally injured following a fall of ground incident at Impala Rustenburg’s 7 Shaft.
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18 November 2011
Fall of ground incident at 7 Shaft
Impala Platinum Holdings Limited (Implats) regrets to announce that a fall of ground event occurred at Impala Rustenburg’s 7 Shaft this morning.
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13 October 2011
Zimplats establishes a community share ownership trust
Zimplats undertakes to fund the Trust to the amount of US$10 million over a period of three years to enable it to achieve its objectives prior to it receiving dividend income streams from the Trust’s shareholding in Zimplats.
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10 October 2011
Implats wage settlement
Impala Platinum Holdings Limited (Implats) and its operating subsidiaries Impala Platinum Limited (Impala) and Marula Platinum (Marula) are pleased to announce that they have reached a two-year settlement on wages with the National Union of Mineworkers (NUM).
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29 September 2011
Impala Platinum partners with the department of human settlements to meet the affordable housing needs in the North West Province
Impala Platinum Limited (Impala), a subsidiary of listed Impala Platinum Holdings Limited (Implats), is proud to participate with the Department of Human Settlements.
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25 August 2011
Implats delivers excellent financial results on the back of improved operational performance
Implats CEO David Brown says “This was a positive year for Implats which delivered a solid operational and financial performance. We improved our gross production supported by our Rustenburg and Zimplats operations who achieved their targets.
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23 August 2011
Zimbabwean Indigenisation and economic empowerment legislation
Impala Platinum Holdings Limited (Implats) confirms that its Zimbabwean subsidiary, Zimbabwe Platinum Mines (Pvt) Limited (“Zimbabwe Platinum Mines”), and its joint venture, Mimosa Platinum (Pvt) Limited (“Mimosa Platinum”) (collectively “the Companies”) received letters dated 17 August 2011.
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12 August 2011
Implats Trading Statement
Shareholders are advised that Implats’ headline earnings per share (HEPS) and basic earnings per share (EPS) for the financial year ended 30 June 2011 are expected to be between 1 075 and 1 115 cents
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27 March 2011
Strategic repositioning of Marula Platinum
Marula Platinum (Pty) Limited (“Marula”), a subsidiary company in which Implats has a 73% interest, has continued to underperform against the operational targets that management has set.
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30 March 2011
Zimbabwean Indigenisation and economic empowerment legislation
Impala Platinum Holdings Limited (Implats) has previously advised shareholders that its subsidiary, Zimplats, was in discussion with the Government of Zimbabwe with regards to its compliance with the Indigenisation and Economic Empowerment Act and that its programme would have the following elements:
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24 February 2011
Appointment of chief financial officer and executive director of the board
Implats is pleased to announce the appointment of Brenda Berlin as Chief Financial Officer of the Group and as Executive Director to the board of directors of Implats.
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17 February 2011
Improved operational recovery coupled with the capital expansion projects positions Implats well for the future
Impala Platinum Holdings Limited (Implats) today (17 February 2011) announced results for the six months ended 31 December 2010.
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26 January 2011
Trading statement
Shareholders are advised that Implats’ headline earnings per share (HEPS) and basic earnings per share (EPS) for the six months ended 31 December 2010 are expected to be between 329 and 350 cents which is between 55% and 65% higher than that of the six months ended 31 December 2009 (EPS and HEPS of 212 cents.
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10 December 2010
Proposed Guidelines for reacting to media questions
This document has been drafted based on rumours that allegations have been leveled against Impala for the exploitation of women. This document is drafted as a pro-active measure to guide you in the event you are requested to respond to questions from the press at the proposed event taking place on 11 November 2010.
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02 November 2010
Impala’s ambitious housing project well on track to deliver 1 559 new homeowners
A new life will dawn for almost 1 600 Impala Platinum employees and their families, as the company’s ambitious R400million housing project in Rustenburg nears completion.
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01 November 2010
Retirement of Implats director
Implats announces the retirement of Les Paton as an executive director of the Board with effect from 31 October 2010. The Board wishes Mr Paton well in his future endeavours.
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19 October 2010
Results of the annual general meeting
At the annual general meeting of Implats shareholders held on 19 October 2010, all the ordinary and special resolutions proposed in the annual report and sent to shareholders on 26 August 2010 were passed by the requisite majority. The special resolution relating to a general authority to repurchase the Company’s securities will be lodged with the Companies and Intellectual Property Registration Office for registration.
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15 October 2010
Implats’ approach to sustainability
Implats is in the business of mining, refining and marketing platinum group metals as well as nickel, copper and cobalt. Currently the company produces in the region of 25% of the global supply of platinum and employs approximately 54 000 people at its operations located in South Africa and Zimbabwe. As a company Implats acknowledges that its business is an integral part of the larger environment in which we live and operate, and as such, has a responsibility to ensure its sustainability into the future.
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11 October 2010
Withdrawal of cautionary announcement
Shareholders are referred to the cautionary announcement dated 30 September 2010 and are advised that as negotiations have been terminated, caution is no longer required to be exercised by shareholders when dealing in the company’s securities.
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07 October 2010
Minister of human settlements opens Implats’ home ownership project
Impala Platinum Holdings Limited (Implats) together with the Honourable Minister of Human Settlements, Mr Tokyo Sekwale will officially open the Sunrise View Housing Project in Rustenburg today.
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06 October 2010
Implats appoints two new non-executive directors
Implats is pleased to announce the appointment of Mandla Gantsho and Babalwa Ngonyama as independent non-executive directors to the Board of Directors of the Company with effect from 1 November 2010.
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06 October 2010
Implats : a world-leading platinum producer
Impala Platinum Holdings Limited (Implats) as one of the leading producers of platinum globally supplying around 25% of world production on an annual basis, focuses on its performance in all spheres of its operation. The company produces some 3.69 million ounces of platinum group metals (PGMs) annually, including 1.74 million ounces of platinum and employs some 54 000 people across its mines located on the most significant PGM deposits in the world, namely the Bushveld Complex in South Africa and the Great Dyke in Zimbabwe.
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30 September 2010
Cautionary announcement
Shareholders are advised that Implats has entered into discussions regarding a potential transaction which, if successfully concluded, may have a material effect on the price of Implats’ securities. Accordingly, shareholders are advised to exercise caution when dealing in the company’s securities until a further announcement is made.
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17 September 2010
Currency conversion final cash dividend
Further to the final cash dividend declared on 26 August 2010 and payable on 20 September 2010, notice of which was released on SENS on 26 August 2010, the rand to sterling conversion rate that will be used in calculating the sterling amount payable to shareholders registered in the United Kingdom section of the share register is R11,0871 to GBP1.00. This equates to a final cash dividend of GBP24,35 pps to United Kingdom registered shareholders.
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27 August 2010
Dealing in securities by a director of Implats
In compliance with Rule 3.63 – 3.66 of the JSE Limited Listings Requirements we hereby announce the following transaction in securities by a director of Implats:
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26 August 2010
Implats well placed to capitalise on positive performances across the group
Implats CEO David Brown says, “The year under review has been one of the most difficult in the company’s history. Not only did we have to contend with the global economic crisis, but also the impacts of both the tragedy at 14 Shaft and the industrial action at the beginning of the period. On the positive side, significant progress was made in addressing the development issues at Rustenburg, the Zimplats Phase 1 expansion was successfully commissioned and throughput at IRS grew significantly.”
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20 August 2010
Implats appoints two new non-executive directors
Implats is pleased to announce the appointment of O’lebogang Mpueleng Pooe as a non-executive director and Hugh Cameron as an independent non-executive director to the Board of Directors of the Company.
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12 August 2010
Trading statement
Shareholders are advised that Implats’ headline earnings per share (HEPS) and basic earnings per share (EPS) for the financial year ended 30 June 2010 are expected to be between 750 and 800 cents which is between 20% and 25% lower than that of the financial year ended 30 June 2009 (HEPS and EPS of 1 001 cents).
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05 August 2010
Implats appoints a new non-executive director
Implats is pleased to announce the appointment of Terence Goodlace as a non-executive director to the board of directors of the Company with immediate effect.
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31 May 2010
Implats supports the Soccer World Cup
The anticipation, enthusiasm and excitement visibly sweeping through Implats’ South African operations where employees are eagerly awaiting this momentous occasion is amazing. The shows of fervour over the last number of weeks have united our team as proud South Africans ready to embrace the Soccer World Cup spirit.
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28 May 2010
Fatima Jakoet resigns from the Implats board
Implats announced today that Ms Fatima Jakoet had resigned her position as an independent non-executive director on the Implats board of directors with immediate effect and thanked her for her contribution during her tenure.
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25 May 2010
Work stoppage at Impala Rustenburg's 12 Shaft
Further to the news release of Friday, 21 May 2010, Impala Platinum Holdings Limited (Implats) confirms that a meeting was held with the National Union of Mineworkers (NUM) today in an endeavour to resolve this issue.
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21 May 2010
Work stoppage at Impala Rustenburg’s 12 Shaft
Impala Platinum Holdings Limited (Implats) acknowledges a statement released by the National Union of Mineworkers (NUM) today and confirms that there is a work stoppage at the company’s 12 Shaft operation in Rustenburg. The stoppage is limited to a small group of maintenance employees who have embarked on a strike relating to a pay issue.
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14 May 2010
Implats appoints a new group mining executive
Implats is pleased to announce the appointment of Gerhard Potgieter as Group Executive: Growth Projects and Consulting Mining Engineer with effect from 1 July 2010. He will report directly to David Brown, the Chief Executive Officer and will take responsibility for leading the Company’s capital projects portfolio and will serve as a member of the Executive Committee as well as on various operational boards.
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11 May 2010
Zimplats going ahead with Ngezi phase II expansion project
Zimbabwe Platinum Mines (Zimplats) appreciates and is keenly aware of the interest in its operations by various stakeholders both locally and internationally. It is with this in mind that the company wishes to highlight a few issues some of which have been the subject of media attention.
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30 April 2010
New road for the Chaneng community
Impala Platinum (Impala) proudly handed over a road to a local Rustenburg community on 29 April 2010. Paul Dunne, an Executive Director of Impala’s holding company Impala Platinum Holdings Limited (Implats), together with representatives from its Stakeholders Engagement department officially handed over the Raphukubjane road to the Chaneng community in a function attended by among others Kgosana Joel Setshwane from Chaneng and Councillor S. Modibedi from Chanengfrom Royal Bafokeng Nation, Lucian Paulik from the Royal Bafokeng Administration (Town Planning) and some members of the Executive Committee of Kgotla ya Chaneng (The Royal Bafokeng Nation).
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30 April 2010
Total voting rights
In accordance with the United Kingdom Financial Services Authority’s Disclosure and Transparency Rules, the Company advises that its issued share capital comprises 631 714 020 ordinary shares of 2.5 South African cents each. The voting rights of all of these shares are identical with each share carrying the right to one vote.
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12 March 2010
Currency conversion interim cash dividend
Further to the interim cash dividend declared on 18 February 2010 and payable on 15 March 2010, notice of which was released on SENS on 18 February 2010, the rand to sterling conversion rate that will be used in calculating the sterling amount payable to shareholders registered in the United Kingdom section of the share register is R11.1831 to GBP1. This equates to an interim cash dividend of 10.73 pence per share to United Kingdom registered shareholders.
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11 March 2010
Resignation of a director
Implats announces the resignation of Mr. Steve Phiri as a non-executive director of the board of directors of Implats (“the Board”) with immediate effect. Mr Phiri was appointed onto the Board in June 2007 as a nominee of Royal Bafokeng Holdings (Pty) Limited.
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18 February 2010
Implats in a strong position to take advantage of improving economic environment
Impala Platinum Holdings Limited (Implats) today (18 February 2010) announced results for the six months ended 31 December 2009.
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16 February 2010
Implats appoints a new executive director
Impala Platinum Holdings Limited (Implats) is pleased to announce the appointment of Paul Dunne as an executive director to the Implats board with immediate effect.
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01 February 2010
Trading statement
Shareholders are advised that Implats’ headline earnings per share (HEPS) and basic earnings per share (EPS) for the six months ended 31 December 2009 are expected to be between 200 and 220 cents which is between 75% and 77% lower than that of the six months ended 31 December 2008 (EPS of 877 cents; HEPS of 876 cents). The expected decrease in the HEPS and EPS is primarily due to the significant decrease in relative metal prices. Furthermore, as a result of the 19% increase in the Implats share price from 30 June 2009 to 31 December 2009, the share based payment charge (net of taxation) amounted to R560 million in the current period, compared to a credit in the prior period of R976 million.
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29 October 2009
Appointment of Implats Chairman
The Implats board of directors will consider the appointment of Dr Khotso Mokhele as its new Chairman at the Board Meeting to be held on 11 November 2009.
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22 September 2009
Implats regrets the death of an employee at Impala Platinum’s 8 Shaft
Impala Platinum Holdings Limited deeply regrets to advise that following a fall of ground one of our employees lost his life at 8 Shaft at the Impala operation in Rustenburg. The incident occurred at approximately 23:30 on the 21 September 2009. Both the Implats board and management extend their deepest sympathy and condolences to the family, friends and colleagues of the deceased.
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18 September 2009
Impala Platinum’s 14 Shaft – methane explosion (update)
Following the news release dated 14 September, it is with deep regret that Impala Platinum Holdings Limited (Implats) advises that a second employee, Mr Motinyane Molefe, a drill operator, passed away in hospital yesterday afternoon. Implats extends its deepest sympathy to the family, friends and colleagues of Mr Molefe. He is survived by his wife and one child.
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14 September 2009
Impala Platinum’s 14 Shaft – methane explosion
Impala Platinum Holdings Limited (Implats) deeply regrets to advise that following a methane explosion which took place last week, one of our employees, Mr Bongakale Motshodi, a scraper winch operator, passed away in hospital last night. Implats extends its deepest sympathy to the family, friends and colleagues of Mr Motshodi. Another two employees were injured in the incident and are in a critical condition in hospital.
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11 September 2009
Impala Platinum’s 14 Shaft – methane explosion
Impala Platinum Holdings Limited (Implats) regrets to advise that a methane explosion took place at 14 Shaft at its Rustenburg operations on Wednesday, 9 September 2009. The incident took place in the conventional mining section of the shaft. At this stage the cause of the explosion has not been determined.
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02 September 2009
Wage negotiation update
Implats and the National Union of Mineworkers (NUM) have met on several occasions to resolve the current wage dispute and strike action. Some of the NUM branches have accepted the current offer and have returned to work.
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27 August 2009
A challenging year impacted by the economic crisis
Impala Platinum Holdings Limited (Implats) today (27 August 2009) announced results for the year ended 30 June 2009.
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25 August 2009
Work stoppage at Impala Rustenburg
Impala Platinum Holdings Limited (Implats) confirms that there is a work stoppage at the company’s Rustenburg Operations. The stoppage involves most underground employees.
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21 August 2009
Implats signs agreement with Marula Community Chrome and Marula Platinum on creation of Makgomo Chrome
Impala Platinum Holdings Limited (Implats) is pleased to announce the signing of an agreement with Marula Community Chrome (MCC) and Marula Platinum (Marula) relating to the establishment of Makgomo Chrome, a joint venture established to extract and market the chrome contained in the current UG2 tailings produced by the Marula operation.
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21 July 2009
Final Update - fatal incident at Impala Platinum’s 14 shaft
Yesterday Impala Platinum Holdings Limited (Implats) announced a major fall of ground incident which occurred at approximately 12:00pm on 20 July 2009 in one of the mechanised panels at 14 Shaft in Rustenburg. Sadly, we are now in a position to confirm that all nine employees trapped by the rock fall were fatally injured and have been recovered from the shaft complex.
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20 July 2009
Fatal incident at Impala Platinum’s 14 shaft
Impala Platinum Holdings Limited (Implats) advises with deep regret that a major fall of ground occurred at 14 Shaft in Rustenburg resulting in multiple fatalities. The incident occurred at approximately 12:00pm (20 July 2009). We can confirm at this stage that two employees have been fatally injured.
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02 June 2009
Fraudulant activities
Impala Platinum Holdings Limited (Implats) and its subsidiary Impala Platinum Limited (Impala) advise that fraudulent activity is being perpetrated in the name of its companies.
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13 March 2009
Management changes at Implats
Impala Platinum Holdings Limited (Implats) advises the following management changes:
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19 February 2009
Market environment impacts company performance
Impala Platinum Holdings Limited (Implats) today (19 February 2009) announced results for the six months ended 31 December 2008.
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14 January 2009
Withdrawal of cautionary announcement regarding the following proposed inter conditional transactions:
Shareholders are referred to the joint announcements by Mvela Resources, Northam and Implats (‘the Parties”) dated 2 October 2008, 19 November 2008 and 7 January 2009 and to the announcements by Mvela Resources and Northam dated 20 October 2008 and 27 October 2008, regarding the proposed acquisition by Implats of the entire issued share capital of Mvela Resources and Northam through a series of inter-conditional transactions (the “Transaction”).
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20 November 2008
Implats adopts cash preservation programme
Given the current global financial crisis and economic downturn, the rapid decline in platinum group metal prices coupled with lower cash receipts and the increased volatility within the capital markets, Implats has suspended its share buy-back programme. As at the 19th November 2008, the company had completed 18.6% of the programme amounting to 5 562 545 shares at a cost of R723.8 million.
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19 November 2008
Cautionary announcement regarding the following proposed inter-conditional transactions:
Shareholders are referred to the joint announcement by Mvela Resources, Northam and Implats (“the Parties”) dated 2 October 2008 and the subsequent announcements by Mvela Resources and Northam dated 20 October 2008 and 27 October 2008, regarding the proposed acquisition by Implats of the entire issued share capital of Mvela Resources and Northam through a series of inter-conditional transactions (“the Proposed Transaction”).
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03 October 2008
Fitch Affirms Impala’s BBB+ on Northam and Mvela Deal
Fitch Ratings-London/Johannesburg-3 October 2008: Fitch Ratings has today affirmed the Long and Short-term Issuer Default ratings (“IDR”) of South African platinum producer Impala Platinum Holdings Ltd (“Implats”) at respectively 'BBB+' and 'F2', and its South African National ratings at Long-term 'AA(zaf)' and Short-term 'F1+(zaf)'. The Outlook on the Long-term IDR is Stable. The affirmation follows the company’s announcement that it plans to acquire fellow platinum producers, Northam Platinum (“Northam”) and Mvela Resources (“Mvela”), through a combination of cash (30%) and new shares (70%).
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02 October 2008
Implats proposes to acquire Mvelaphanda Resources and Northam
Following the cautionary announcement of 12 September 2008 indicating that Impala Platinum Holdings Limited (Implats) had entered into discussions with Mvelaphanda Resources Limited (Mvela Resources) and Northam Platinum Limited (Northam) regarding the creation of a single platinum entity, Implats, together with Mvela Resources and Northam, today in a joint release advise that Implats has proposed a transaction to the boards of Mvela Resources and Northam to acquire the entire issued share capital of Mvela Resources and Northam.
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02 October 2008
Further announcement regarding the following proposed inter-conditional transactions:
Shareholders of Mvela Resources, Northam and Implats are referred to the cautionary announcement published by Implats and the joint cautionary announcement published by Northam and Mvela Resources on 12 September 2008 and are advised that Implats has submitted letters of interest to the boards of directors of Mvela Resources (the “Mvela Resources Board”) and Northam (the “Northam Board”) proposing to acquire, through a series of interconditional transactions, the entire issued share capital of Mvela Resources and Northam (collectively “the Proposed Transaction”).
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28 August 2008
Implats reports an excellent performance in a difficult environment
Impala Platinum Holdings Limited (Implats) today (28 August 2008) announced results for the year ended 30 June 2008. The company’s Annual Report will be posted to shareholders today.
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26 June 2008
Zimbabwe operations update
Impala Platinum Holdings Limited (Implats) is a company that is committed to the highest corporate governance standards regardless of where our operations are conducted.
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10 June 2008
Impala Platinum and the NW Department of Education opens Vuk’uzenzele primary school in freedom park
The North West Department of Education and Impala Platinum Limited (Impala) are pleased to announce the official opening of another joint venture project between the two institutions. Impala and the Department together have made a sum of R10 million available for the construction of the Vuk’uzenzele Primary School near Rustenburg, North West Province. In addition Read, Swatman & Voigt (Pty) Limited (RSV) contributed by providing an engineer to assist with the project’s compliance with quality and safety standards during the planning and construction phases of the school building.
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21 April 2008
Implats’ Leeuwkop project granted new order mining right
Impala Platinum Holdings Limited (Implats) is pleased to announce that Afplats (Pty) Ltd (Afplats) was granted a new order mining right in respect of the Leeuwkop project on 9 April 2008.
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15 April 2008
Implats disposes of its holdings in Aquarius Platinum Ltd (AQP) and Aquarius Platinum South Africa Ltd (AQPSA)
Impala Platinum Holdings Limited (Implats) has announced that it has entered into agreements with AQP and AQPSA in terms of which these companies will purchase Implats' entire interest in AQP and AQPSA respectively, through share buybacks. The combined consideration for both transactions amounts to approximately US744 million dollars (excluding Secondary Tax on Companies (STC) credits). The total value of the transaction is US790 million dollars.
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03 April 2008
Marula Platinum: conversion to new order rights and enhancement of BEE credentials
Impala Platinum Holdings Limited (Implats) is pleased to announce that Marula Platinum’s old order mining rights were converted to new order mining rights on 3 March 2008. Subsequently the section 11 transfer of assets from Impala Platinum Limited to Marula Platinum has also been completed.
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31 March 2008
First female miner appointed at Impala
Pinky Riet made history at Impala Platinum Limited’s (Impala) Rustenburg operation when she became the first woman miner at its No 6 Shaft in late 2007. She confirmed her aptitude for this groundbreaking position when during January 2008, she (together with her team) achieved 420 centares in 17 shifts (for the short December month), matching the current average of male-only teams. Pinky and her team achieved 525 centares for the March 2008 measuring month.
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12 March 2008
Zimbabwe local ownership legislation
Impala Platinum Holdings Limited (Implats) advises that the Indigenisation and Economic Empowerment Bill passed by the Zimbabwean parliament on 2nd November 2007 was assented by the President of Zimbabwe and gazetted on Friday, 7th March 2008. The date for the act is still to be notified through a Statutory Instrument (SI), still to be gazetted. As previously communicated Implats had planned for this eventuality and has agreements in place which will be taken into account when looking at the overall compliance to the new law.
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07 March 2008
Impala hero saves two lives
Gabriel Letageng, a boilermaker at Impala Platinum Limited (Impala) in Rustenburg recently saved the lives of two of his fellow employees at the company’s Concentrator at Mineral Processes.
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14 February 2008
Record half year refined platinum production of 1.03 million ounces
Impala Platinum Holdings Limited (Implats) today (14 February 2008) announced results for the six months ended 31 December 2007.
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29 January 2008
Update on load shedding at Implats’ operations
Impala Platinum Holdings Limited (Implats) confirms that at a meeting today between Government, Eskom and the mining industry, it was agreed that power availability will be restored to our operations to a level of 80% within 24 hours and 90% towards the end of this week. This should allow Implats to ramp up to normal levels of production. We are in the process of optimising our operations against our power allocation to achieve an overall 10% reduction as requested by Eskom.
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28 January 2008
Update on load shedding at Implats’ operations
Impala Platinum Holdings Limited (Implats) continues to cooperate with Eskom in terms of reducing power usage at its operations. The company was involved in meetings with Eskom over the weekend and has agreed to assist in reducing sector demand by 10%. Currently Implats is receiving 50% of its power requirement and shifts were resumed at Impala Rustenburg last night. We are endeavouring to optimise our operations against our power allocation. Marula mining operations are currently operating in the same manner. Mineral Processes in Rustenburg and the plant at Marula are presently on minimum load.
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25 January 2008
Load shedding at Implats’ operations
Impala Platinum Holdings Limited (Implats) received a communiqué from Eskom this morning advising that electric power could not be guaranteed at its operations. Due to safety concerns, management has taken the decision to withdraw the workforce and cancel the day shift at Impala Rustenburg. Operations at Marula will continue normally, unless load shedding is applied. In this event the workforce will be evacuated in line with normal procedures. The refineries in Springs will not be affected. The impact of this stoppage is in the order of 3,500 ounces of platinum per day.
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