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.
Emerging from a year of financial turmoil – Our operations have weathered the storm despite lower production and output.
The past year has been hugely challenging and most disappointing, both from a safety performance point of view and in terms of our operating results.
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.
Implats demonstrates its inherent strength by weathering global recession, reduced demand for PGMs and operating difficulties.
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.
After bottoming out in the wake of the 2008 financial crisis, platinum is regaining lost ground and positioning itself for a global recovery.
Worsening economic conditions reduce sales, but Implats holds up reasonably well and still declares a dividend.