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Impala Platinum Holdings Ltd (IMPJ.J)

IMPJ.J on Johannesburg Stock Exchange

4,299.13ZAc
28 Apr 2017
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9.13 (+0.21%)
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Latest Key Developments (Source: Significant Developments)

Impala keeps FY production guidance; warns of job losses at Marula mine
Wednesday, 26 Apr 2017 01:05am EDT 

April 26 (Reuters) - Impala Platinum Holdings Ltd :Ongoing community disruptions, low metal prices have resulted in further restructuring process at marula that could result in large scale job losses at this operation.Gross refined platinum production for quarter ended 31 march 2017 fell 6.2 percent to 331000 platinum ounces.Decline in production during quarter under review largely as a result of Zimplats material that was released from processing inventory during quarter-ended march 31, 2016.Community disruptions were experienced at marula and two rivers during current quarter, which affected production.Over nine-month period ended march 31, 2017, gross refined platinum production rose 6.2% to 1.11 million platinum ounces.Increase in 9m production due to higher impala refining services production, driven by higher third-party receipts in period under review.FY production guidance maintained at 1.50 million refined platinum ounces and unit cost expected to be about r22600 per platinum ounce.  Full Article

Implats secures jury verdict for constructive fraudulent transfer
Tuesday, 4 Apr 2017 09:30am EDT 

Impala Platinum Holdings Ltd : Implats secures jury verdict for constructive fraudulent transfer . An U.S. Jury rendered a favourable verdict of $16 million on a claim of constructive fraudulent transfer during insolvency . Case part of effort to collect on confirmed arbitration award of more than $200 million against A-1 Specialized Services And Equipment Co Inc . Defendants in case included four shareholders of A-1, three of whom settled with impala during trial, prior to verdict Further company coverage: [IMPJ.J] (Bengaluru Newsroom: +91 806 749 1136).  Full Article

Zimplats Holdings reports HY revenue of $237.7 million
Thursday, 23 Feb 2017 01:32am EST 

Zimplats holdings ltd : HY ended dec. 31, 2016 revenue of $237.7 million versus $204.4 million a year ago . HY ended dec. 31, 2016 profit before income tax of $37.2 million versus $553,000 a year ago .No dividend has been proposed for the half year ended 31 december 2016.  Full Article

Impala Platinum Holdings HY loss per share 51 cents
Thursday, 23 Feb 2017 12:07am EST 

Impala Platinum Holdings Ltd : Hy loss per share 51 cents . Hy headline loss attributable to equity holders of company 70 cents per share . Hy revenue ZAR 18.20 billion versus ZAR 16.81 billion . safety remains a significant challenge for some of Rustenburg mining operations .multiple fatalities at 14 shaft and 1 shaft during past 12 months had a significant impact on safe production efforts.  Full Article

Impala sees headline loss for 6 months to Dec.31 to be between 65-79cents/share
Monday, 13 Feb 2017 07:00am EST 

Impala Platinum Holdings Limited : Impala platinum - heps for half year ended 31 december 2016 is expected to be a loss of between 65 and 79 cents per share versus heps profit of 53 cents last year . Says basic eps is expected to be a loss of between 48 and 58 cents per share versus half year ended dec 31 2015 eps profit of 31 cents. . Impala - difference between eps and heps for six months to 31 dec 2016 is primarily due to insurance compensation received from 14 shaft fire incident in january 2016 . Major reason for decline in heps from comparative period is that prior period included a tax credit due to a write-off of an amount owed by a debtor .Impala platinum - heps from con operations will be further negatively affected by 10 - 15 cper share when group's share of profit after tax from impala chrome is eliminated.  Full Article

Gold Fields exec VP for South Africa to leave for Implats job
Wednesday, 7 Dec 2016 01:00am EST 

Gold Fields Ltd : Resignation of Nico Muller . Announce resignation of Nico Muller, EVP: South Africa, effective March 3, 2017 . Nico will be leaving gold fields to take up position of chief executive officer of Impala Platinum .Search for a replacement has commenced.  Full Article

Impala Platinum names Udo Lucht as alternate director to Albertinah Kekana
Monday, 31 Oct 2016 09:23am EDT 

Impala Platinum Holdings Ltd :Announce appointment of Udo Lucht as an alternate director to Albertinah Kekana with effect from 28 October.  Full Article

Impala Platinum says units sign wage deal with S.Africa's AMCU
Monday, 31 Oct 2016 08:45am EDT 

Impala Platinum Holdings Ltd : Implats' Rustenburg and Marula operations reach wage settlement . Units Rustenburg operations and Marula Platinum Limited have signed 3-year wage settlement with Association of Mineworkers and Construction Union (AMCU) . Deal is effective July 1 2016 . Increase in Implats' medical aid contributions to employees of 6 pct in year 1 and 7 pct in following 2 years of wage agreement . Agreement allows employees over next 3 years to receive: monthly basic salary increase of 1000 rand for A , B-level and 7 pct for C-level employees . Settlement allows for living out, home ownership allowances rise of 150 rand per month for each year in Rustenburg .Settlement allows living out and home ownership allowances rise by 150 rand per month for year two, three for Marula.  Full Article

Impala Platinum says full-year HEPS down 67 pct
Thursday, 1 Sep 2016 01:07am EDT 

Impala Platinum Holdings Ltd : Summarised consolidated annual results for the period ended 30 june 2016 . Platinum and palladium markets will remain in fundamental deficit during 2016 . Demand growth combined with faltering supply will drive higher pgm basket prices in medium term . Gross refined platinum 13 pct higher at 1.44 million ounces in period ended 30 June . Headline earnings per share decreased by 67 pct to 12 cents . No dividend declared for year . In short term, pgm prices are expected to remain subdued . Production estimate for Impala is between 700 000 and 710 000 platinum ounces for 2017, after which previous guidance of building up to 830 000 platinum ounces by 2020 remains .Production guidance for other operations remains unchanged for coming year.  Full Article

Impala Platinum sees FY HEPS between 56-75 pct lower
Monday, 22 Aug 2016 11:30am EDT 

Impala Platinum Holdings Ltd : Sees HEPS for year ended June 30 2016 between 9 -16 cents, between 56 and 75 pct lower . Sees FY basic loss per share is expected to be between 7 and 12 cents (June 2015: loss of 603 cents) . Says difference between HEPS and basic loss per share for year to June 2016 is primarily due to impairment of 12 mechanised shaft .Main reason for decrease in FY HEPS is lower rand metal prices.  Full Article

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