• Dangerous games

    Employers' body Neasa is playing a potentially dangerous game, says Terry Bell.

  • Rational thinking

    All players should first consider the net result of their actions, says Leopold Scholtz.

  • Telkom's property poser

    BEE may be hindering Telkom's plans to offload redundant real estate, says Gugu Lourie.

Data provided by iNet BFA
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 106.18
Change -3.32
% Change -0.03
Cumulative volume 940837
Market cap 67.13bn

Last Updated: 31/07/2014 at 04:27. 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

 
 
 

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

We're talking about:

Small Business

A cash flow crunch often occurs in small businesses trying to balance cash coming in with cash going out. Watch this video to help you improve.
 
 

No need to keep up with the Joneses

Fin24 users provide their own personal tips on how to save money instead of trying to keep up with the Joneses.

 
 

Start saving...

Where can you stash your cash?
Time the key for retirement saving
Dummy's guide to saving
Save money with affordable account

Money Clinic

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