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Toll-free ethics hotline

Report fraud, corruption, misconduct and unethical behaviour.

South Africa 0800 005 314
Zimbabwe 0772 161 630
Impala Canada 1-866-921-6714 (toll free) or email Impalacanada@integritycounts.ca

Alternatively, direct your complaint to
Michelle Snyders, Implats Group Internal Audit Forensic, at +27 82 304 4598 or email michelle.snyders@implats.co.za

For more information on how we handle reports and protect whistleblowers, please review our Fraud, Corruption and Whistleblowing policy

Implats at a glance


Who we are

Implats is a leading, fully integrated PGM producer. The Group is structured around six mining operations, refining and processing facilities and a refining business, Impala Refining Services (IRS). Its portfolio includes Impala Rustenburg, Zimplats, Marula, Impala Canada, Mimosa and Two Rivers.

Contributing approximately 20% to global primary PGM production annually, our nearly 68 000 people (employees and contractors at managed operations) form the cornerstone of our business. Guided by our core values – respect, care and deliver – we cultivate a culture rooted in teamwork and accountability.

Implats holds total attributable PGM resources of 308.7 million ounces. Our products are exported to many sectors in diverse markets, including Japan, China, the US and Europe, where they are integral to industrial, medical and electronic applications, supporting a cleaner, greener world.

Implats in data - FY2026

27.48Mt
Tonnes milled from managed operations

3.51Moz
6E sales volumes

R22.0bn
Closing adjusted net cash

1 855cps
Total dividends

58%
Water recycled/re-used

80 000+

People reached by community initiatives

10 years

Member of the FTSE4Good Index Series

273 985t CO2

Emissions avoided from projects

Creating a better future

This is our purpose

Creating a better future through the metals we produce

Our metals touch lives every day. We are committed to supplying the metals needed to develop, sustain and improve our world.

  • Connecting people through hard drives, smart phones, computer screens and petrol
  • Saving lives by their use in cancer treatments, pacemakers and airbags
  • Greening the world through their efficacy in fuel cells, autocatalysts and clean water technologies
  • Growing wealth via investments in bars, coins and jewellery, derivatives, ETFs and shares
  • Celebrating lives through their use in jewellery, clothing, lipstick, paint and food preservation

Creating a better future through the way we do business

Bringing long-term growth and opportunity for all our stakeholders

  • Developing and caring for our host communities
  • Providing meaningful employment
  • Caring for and supporting our environment
  • Creating value for all our stakeholders

Creating a better future through superior performance

Sustaining industry leading business and financial performance through the commodity cycle

  • Securing business growth and a sustainable enterprise
  • Delivering a steady supply of superior quality products
  • Generating meaningful taxation contributions and social investment
  • Yielding compelling investment returns

Our vision

Our vision is to be the most valued and responsible metals producer, creating a better future for our stakeholders

We aspire to deliver value through excellence and execution, adjusting to market dynamics to remain competitive, delivering strong financial returns through commodity cycles

We are committed to responsible stewardship, long-term value creation and being the trusted partner in the way we do business, treat people and limit our environmental impacts

Our value-driven focus is to be a sustainable, high-value and globally competitive integrated metals producer

Our metals, and the way we produce them, improve quality of life - today and for generations to come

Through the positive contribution we make to society, we create lasting benefits for our stakeholders in a way that is respectful, responsible and transparent

Our values

At Implats, we respect, care and deliver. The values, beliefs, attitudes and behaviours that we share set us apart and make Implats unique and special.

Respect

  • We are proud of who we are and what we do
  • We respect the sanctity of life and the wellbeing of each member of our team
  • We are accountable and take ownership
  • We stick to the rules and act with integrity
  • We embrace diverse views and backgrounds

Care

  • We work safely and smartly
  • We are team players and set each other up for success
  • We protect and preserve our natural resources
  • We improve the wellbeing of society and each other

Deliver

  • We create and maintain a safe and healthy working environment
  • We are skilled and goal-orientated
  • We are innovative and bring our A-game
  • We go the extra mile
  • We learn, adapt and improve
  • We create a better future

Where we operate

Implats operates across three of the world's most significant PGM-bearing orebodies: the Bushveld Complex in South Africa, the Great Dyke in Zimbabwe and the Canadian Shield.

Click on the mine names below for more information

South Africa

  • Impala
  • Marula
  • Two Rivers

Zimbabwe

  • Zimplats
  • Mimosa

Canada

  • Impala Canada

Impala Canada FY2026

6E in concentrate 212.8koz
Life of mine > 1 year
Current average mining depth 922m
Employees 717

Impala Canada, previously known as North American Palladium, is a wholly owned subsidiary of Implats following its acquisition in late 2019. The Lac des Iles Mine (LDI), Impala Canada's single operating asset, is located in the Canadian province of Ontario, north of the city of Thunder Bay. The operation comprises underground and surface mining operations and a concentrator. The LDI underground operations employ long-hole open stope and sub‐level shrinkage mining methods.

Impala Bafokeng

6E in concentrate 483koz
Life of mine 26 years
Current average depth 500m
Employees 10 295

Impala Bafokeng, previously known as Royal Bafokeng Platinum, is a subsidiary of Implats following its acquisition in 2023. Impala Bafokeng's mining operations are situated on the Western Limb of the Bushveld Complex near Rustenburg in South Africa and are adjacent and contiguous with the Impala Rustenburg mining operations. Impala Bafokeng operates Bafokeng Rasimone Platinum Mine (BRPM) and Styldrift Mine, as well as two concentrators. The Maseve mining operations are under care and maintenance. At BRPM the Merensky and UG2 reefs are mined concurrently using conventional and hybrid mining methods, whereas Styldrift is a mechanised bord and pillar mining operation currently mining only the Merensky reef.

Fact sheet downloads

Impala Bafokeng Fact sheet 2025

Impala FY2026

Refined 6E production 1.69Moz
Life of mine 22 years
Current average mining depth 825m
Employees 53 096

Impala, Implats' 87%-owned primary subsidiary, has mining operations situated on the Western Limb of the Bushveld Complex near Rustenburg in South Africa. The mining operations comprise the Impala Rustenburg North Shafts (BRPM North, BRPM South and Styldrift shafts), Impala Rustenburg Central Shafts (E&F, 6, 12, 14 and 20 shafts) and Impala Rustenburg South Shafts (1, 10, 11 and 16 shafts). Impala's base and precious metals refineries are situated in Springs, east of Johannesburg. Impala Refining Services (IRS), a division of Impala, is the dedicated vehicle to house the metal concentrate purchases built up by the Implats Group. IRS also provides smelting and refining services through offtake agreements with Group companies (except Impala) and third parties.

Impala Refineries FY2025

Refined 6E production 1.3koz
IRS mine-to-market receipts 1 306 koz
IRS third-party receipts 209koz
IRS is a key differentiator for Implats, offering flexibility and scalability in metals processing.

Impala, Implats' 87%-owned primary subsidiary, has mining operations situated on the Western Limb of the Bushveld Complex near Rustenburg in South Africa. Impala's base and precious metals refineries are situated in Springs, east of Johannesburg. Impala Refining Services (IRS), a division of Impala, is the dedicated vehicle to house the metal concentrate purchases built up by the Implats Group. IRS also provides smelting and refining services through offtake agreements with Group companies (except Impala) and third parties.

Marula FY2026

6E in concentrate 186.0koz
Life of mine 10 years
Current average mining depth 300m
Employees 6 105

Marula is 73% owned by Implats and is one of the first operations developed on the relatively under-exploited Eastern Limb of the Bushveld Complex in South Africa. Situated in the Limpopo province, the operation is some 35km north-west of Burgersfort. Marula holds two contiguous mining rights covering 5 494ha across the farms Winaarshoek and Clapham, and portions of the farms Driekop and Forest Hill. Hybrid and conventional mining methods are used.

Two Rivers1 FY2026

6E in concentrate 286.6koz
Life of mine 16 years
Current average mining depth 560m
Employees 4 080

Two Rivers is a joint venture between African Rainbow Minerals (54%) and Implats (46%). The operation is on the Dwarsrivier farm on the southern part of the Eastern Limb of the Bushveld Complex, 35km south-west of Burgersfort in Mpumalanga, South Africa. The operation comprises three decline shafts and a concentrator plant and has a life-of-mine offtake agreement with Impala Refining Services (IRS). Underground mining operations are fully mechanised with the bord and pillar mining method employed.

1Non-managed.

Zimplats FY2026

6E in matte 606.3koz
Life of mine 41 years
Current average mining depth 180m
Employees 7 959

Zimplats is 87% owned by Implats and it is situated on the Zimbabwean Great Dyke, south-west of Harare. Zimplats operates five underground mining portals and an open cast mine together with a concentrator complex at Ngezi. The Selous Metallurgical Complex (SMC), 77km north of the Ngezi operations, comprises a concentrator and smelting complex. Zimplats employs mechanised bord and pillar mining to extract ore from stopes with limited opencast mining operations.

Mimosa1 FY2026

6E in concentrate 239.1koz
Life of mine 7 years
Current average mining depth 152m
Employees 3 309

Mimosa is a 50/50 joint venture between Implats and Sibanye-Stillwater. It is located on the Wedza Geological Complex on the Zimbabwean Great Dyke, 150km east of Bulawayo. The operation comprises a shallow underground mine, accessed by a decline shaft, and a concentrator. Mimosa holds contiguous mining rights over 7 757ha on the North Hill, the South Hill, Mtshingwe Block and Far South Hill orebody areas. Mimosa employs bord and pillar mining methods.

1Non-managed.

Sustainability strategy

Sustainable development remains at the heart of our strategy and Implats is resolute in progressively enhancing its environmental practices while contributing to socio-economic benefits for all stakeholders.

The PGMs we produce play an important role in the global imperative to achieve net zero. We are progressively reducing and mitigating our environmental impact at our operations and across our value chain, while also investing in developing thriving communities to sustain livelihoods beyond mining.

Sustainability strategy

Our history

Implats' key strategic phases at a glance

Use the slider or click the years below for more information.

1924 - 2026

1924 - 1987

Platinum is discovered in in the Bushveld Igneous Complex and the first vertical shaft is developed. A major expansion takes place in Rustenburg to raise the capacity of the mine and match refining capacity.