Implats’ Annual Report 2009 has been compiled for the Implats group and its subsidiaries and covers the 2009 financial year, from 1 July 2008 to 30 June 2009. The Annual Report includes the audited annual financial statements, as well as an operational overview of the group’s performance for the year.
Chief executive officer's review
David BrownEmerging from a year of financial turmoil – Our operations have weathered the storm despite lower production and output.
Chairman's letter
Fred RouxThe past year has been hugely challenging and most disappointing, both from a safety performance point of view and in terms of our operating results.
- A 14-shaft mining system
- Mineral processes incorporating concentrating and smelting plants
- Refineries housing the base and precious metals refineries
- Reserves: 23.5 million attributable ounces of platinum
- Resources (including reserves): 74.0 million attributable ounces of platinum
- Production: 950 500 ounces of refined platinum
- Labour complement (including contractors): 43 326
A challenging year impacted by the economic crisis
About Implats
Impala Platinum Holdings Limited (Implats) is a world-leading producer of platinum and associated platinum group metals (PGMs). The group has operations on the Bushveld Complex in South Africa and the Great Dyke in Zimbabwe, the two most significant PGM-bearing orebodies globally.
- Annual Report 2009 (PDF - 2.5MB)
- Mineral Resource and Mineral Reserve Statement 2009 (PDF - 3.5MB)
Year in review
Implats demonstrates its inherent strength by weathering global recession, reduced demand for PGMs and operating difficulties.
Safety review
Zero harm – Implats’ vision
Despite marginal improvements in safety performance, regretfully 11 of our employees died at work during the year. Post year-end a further nine lost their lives in a major fall-of-ground incident.
Market review
After the storm
After bottoming out in the wake of the 2008 financial crisis, platinum is regaining lost ground and positioning itself for a global recovery.
Financial review
Holding the line
Worsening economic conditions reduce sales, but Implats holds up reasonably well and still declares a dividend.