Why Implats has changed its tune on Waterberg
IMPALA Platinum (Implats) earlier this month declared R13.1bn in final dividends, a sum that outshone its rivals. It also revised its payout policy in such a way that the door is…
Implats takes shine to bite-sized Waterberg JV
IMPALA Platinum (Implats) has turned more positive on the long-delayed Waterberg JV project as plans for a smaller mine improve its chances of getting off the ground. Implats…
Rain, power issues squeeze Implats’ quarterly output
PLATINUM group metals miner Impala Platinum (Implats) faced a range of challenges in the March quarter which hindered saleable production, ranging from heavy rainfall at mines to…
Implats stabilises Styldrift but metal prices to hit earnings
IMPALA Platinum (Implats) said on Tuesday headline share earnings would be 40% to 49% weaker for the six months ended December. The rand value of platinum group metals it sells…
Implats hit by illegal strike at troubled Bafokeng mine
AN illegal work stoppage has taken place since Thursday, June 27 at the North Shaft of Impala Platinum’s (Implats) Impala Bafokeng BRPM operation resulting from contractors on…
Implats CEO urges investors to play the long game
NICO Muller, Impala Platinum (Implats) CEO, carries a slightly haunted air at the moment. Speaking at the PGMs Industry Day conference in Joburg last month, he reflected ruefully…
Implats says investors continue to influence “volatile” PGMs
INVESTORS continued to influence platinum group metals (PGMs) in Impala Platinum’s (Implats’) third quarter resulting in volatile pricing, the firm’s CEO Nico Muller said in a…
Implats may ask unions, Govt. to consider Bafokeng restructure
IMPALA Platinum (Implats) may backtrack on an agreement with unions and the department of trade and industry not to restructure shafts bought in last year’s takeover of Royal…
Implats targets sub-par RBPlat as metal prices expose “fundamental weaknesses”
IMPALA Platinum (Implats) CEO Nico Muller played down the need to cut production or scale back projects amid the drastic slide in platinum group metal (pgm) prices, but he said…
Implats has work cut out reviving RBPlat as firm posts interim loss
IMPALA Platinum (Implats) has its work cut out reviving Royal Bafokeng Platinum (RBPlat), the company for which it will pay R26bn in cash as well as shares after beating off its…
Northam’s Dunne says there’s no pressure to quit after selling RBPlat stake
PAUL Dunne said he had every intention of extending his nine-year stint as CEO of Northam Platinum after the platinum group metal (PGM) today announced it would sell its 34.5%…
Northam flags risk of “more severe” power curtailments amid Eskom improvement
NORTHAM Platinum today flagged the risk of “more severe” power curtailments by Government’s Eskom – but said self-generation facilities had been installed, or were on order, to…
Implats bid withdrawal not “a Doomsday scenario’, says Royal Bafokeng Platinum CEO
ROYAL Bafokeng Platinum (RBPlat) CEO Steve Phiri reassured shareholders a withdrawal of Impala Platinum’s (Implats’) takeover bid for the company would not be “a Doomsday…
RBPlat to report 51% slide in basic full-year earnings as Styldrift struggles
ROYAL Bafokeng Platinum (RBPlat) is to report a decline in basic interim earnings for the 12 months ended December 31 of nearly 51% owing to the effects of mining inflation and a…
Northam Platinum dangles prospect of Styldrift expansion if RBPlat bid succeeds
NORTHAM Platinum Holdings has dangled the incentive of developing Royal Bafokeng Platinum’s (RBPlat’s) mineral resources quicker than current management envisaged if shareholders…
Northam Platinum plays hand for RBPlat unveiling blockbuster cash offer worth R32.5bn
NORTHAM Platinum Holdings has bid for control of Royal Bafokeng Platinum (RBPlat) announcing today a voluntary offer worth R32.5bn. The offer, which comes a year to the day it…
RBPlat to undershoot PGM production target as low morale, inflation, volatility hit hard
ROYAL Bafokeng Platinum’s (RBPlat’s) operational difficulties have worsened with the company saying in a third quarter update it would undershoot platinum group metal (PGM)…
Northam’s Dunne says lack of synergies with RBPlat “irrelevant” to control ambitions
NORTHAM Platinum Holdings CEO, Paul Dunne described criticism his company had no operational synergies with Royal Bafokeng Platinum (RBPlat) as “irrelevant”. “There has been…
Implats, Northam rivalry is a distraction for RBPlat employees, says firm’s CEO Steve Phiri
ROYAL Bafokeng Platinum (RBPlat) CEO, Steve Phiri said uncertainty regarding the direction of Impala Platinum’s (Implats’) takeover offer for his company was one of the reasons…
RBPlat battens down hatches by dropping dividend 54% amid hike in unit cost guidance
ROYAL Bafokeng Platinum (RBPlat) said uncertainty related to its proposed takeover by Impala Platinum (Implats) played a role in a reduced interim dividend even though its cash…