Loading...
See More

Zimplats profit soars on platinum prices

Apr 30 2012 17:34 Reuters

Company Data

IMPALA PLATINUM HOLDINGS LIMITED [JSE:IMP]

Last traded 0
Change -1,32
% Change 0
Cumulative volume 1290900
Market cap 48.36bn

Last Updated: 19-12-2014 at 04:40. Prices are delayed by 15 minutes. Source: McGregor BFA

Related Articles

Zim yet to conclude Zimplats terms

Implats' cave-in

Implats surrender boosts Zanu-PF for poll

Implats gives up 51% Zimplats stake

Implats gives up 51% Zimplats stake

Analysts slam Zim mining policy

 

Harare - Impala Platinum Holdings [JSE:IMP] Zimbabwe unit Zimplats reported a 170% jump in third-quarter profit on Monday, buoyed by higher platinum prices.

Zimplats said January to March operating profit rose to $52m from $19m the previous quarter. Revenue, at $128m, was 32% higher than the last quarter.

The company said production dropped by two percent to 90 557 ounces after an illegal strike by some workers and electricity cuts, which affected operations at the mine's platinum matte furnace.

A planned maintenance shutdown reduced ore milled by 4% to 1.1 million tonnes.

Implats, which owns 87% of Zimplats, said in March it had agreed to a deal that would see it comply with Zimbabwe's requirement that 51% of shares in Zimplats be held by locals.
zimplats  |  impala platinum
NEXT ON FIN24X

 

Lastest Articles

Here is how to check your credit score and manage it Read More...
Top tips to save money over the festive period Read More...
These are the top 5 most fuel efficient cars in SA Read More...
What to consider when switching medical aid schemes Read More...
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
2 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

Small Business

Retailers of any shape and size can now unlock the power of mobile transacting.
 

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...
Loading...