Mr. Mark Munroe, CEO of Impala’s Rustenburg mining operations, appeared in the Bafokeng The marketplaces for both alumina and bauxite have experienced disruption of supply chains in recent years. [5], During the 1970s, legislation introducing new vehicle emission standards worldwide, including those introduced and pursued in the U.S. by the Environmental Protection Agency (EPA), increased global demand for platinum. It is structured around six main operations, including Impala, Zimplats, Marula, Mimosa, Two Rivers and Impala Canada, and has its headquarters in Johannesburg, South Africa. A high-level overview of Impala Platinum Holdings Ltd. ADR (IMPUY) stock. The group currently trades on the JSE under the stock symbol –IMP with a market cap of over R40 billion. 1980s Its most significant mine is the Impala mine in the North West province of South Africa. You can sign up to our free-to read NEWSLETTER to get your latest headlines in your inbox and to make use of all our virtual tools. Company profile. 1980s Between 2000 and 2004, Implats gained mineral rights to establish Marula Platinum and also acquired strategic stakes in Zimbabwean operations Zimbabwe Platinum (Zimplats) and Mimosa Mining Company. Impala Platinum Holdings Limited (Implats) is a producer and supplier of platinum group metals (PGMs) to industrial economies. A high-level overview of Impala Platinum Holdings Ltd. ADR (IMPUY) stock. Its subsidiaries include Impala Platinum Limited (Impala), Zimplats Holdings Limited (Zimplats), Afplats Proprietary Limited (Afplats) and Marula Platinum Proprietary Limited (Marula). Impala Platinum Holdings Limited (Implats) is a producer and supplier of platinum group metals (PGMs) to industrial economies. ... concession to Russian investors in 2006 after the government repossessed land from a local unit of South Africa’s Impala Platinum Holdings. [20][21], Association of Mineworkers and Construction Union, "Implats Distinctly Platinum | Leadership | About Implats", "Mining Weekly - The fascinating early days of a highly-successful platinum play", "This Metal Is Worth More Than Gold, and It Scrubs Your Car's Exhaust", "Impala Platinum Holdings Limited (IMPLATS) - AGE (African Growing Enterprises) File", "European Commission - PRESS RELEASES - Press release - THE COMMISSION OPPOSES THE MERGER OF THE PLATINUM OPERATIONS OF GENCOR ANDLONRHO", "Gold Fields, Gencor Announce Plans to Merge Gold Operations", "South Africa: Gencor Discloses the Terms of Impala Platinum Unbundling", "Impala Platinum earnings leap 41% but Zimbabwe concerns linger", "SPECIAL REPORT: Platinum strike — an industry teetering on the precipice", "Platinum mine workers in South Africa return to work | Africa Leader", "South Africa's Impala Platinum to acquire North American Palladium for $758 million", "Impala Platinum Holdings announces acquisition of North American Palladium", "Implats to buy North American Palladium", "South Africa's Implats appoints new CFO", "Impala Platinum CFO Brenda Berlin to Leave at End of February 2018", https://en.wikipedia.org/w/index.php?title=Impala_Platinum&oldid=1003527244, Companies listed on the Johannesburg Stock Exchange, Creative Commons Attribution-ShareAlike License, This page was last edited on 29 January 2021, at 12:23. [12], In March 2011, the government of Zimbabwe implemented laws which required local ownership of mining companies. Its subsidiaries include Impala Platinum Limited (Impala), Zimplats Holdings Limited (Zimplats), Afplats Proprietary Limited (Afplats) and Marula Platinum Proprietary Limited (Marula). See insights on Impala including office locations, competitors, revenue, financials, executives, subsidiaries and more at Craft. Impala Holdings Limited R11.3 billion The Company's segments include mining (which includes Impala, Zimplats, Marula and Afplats), refining services (which include metals purchased and toll refined), chrome processing and other. The company started operations close to Rustenburg where it mined the Merensky Reef of the Bushveld Igneous Complex, which is one of the world’s largest deposits of platinum and PGMs. Impala Platinum Holdings Limited (Implats) is a producer and supplier of platinum group metals (PGMs) to industrial economies. Impala Platinum Holdings Limited, or Implats, is the holding company for a group of companies which operate platinum mines. Refining: All metal in concentrate produced is sold to an Impala Platinum subsidiary, Impala Refining Services (IRS), chrome concentrates are sold through chrome traders to various global end users Email us for the ADVERTISING RATES or more information. Its subsidiaries include Impala Platinum Limited (Impala), Zimplats Holdings Limited (Zimplats), Afplats Proprietary Limited (Afplats) and Marula Platinum Proprietary Limited (Marula). MiN-MET.com (Mining Processing & Metallurgy) is a digital communication platform, which provides independent news and updates for latest technology, products and services related to mining processing and metallurgical sectors. In 2016, we completed the acquisition of Aquarius Platinum Limited’s stakes in the Kroondal mine and the Platinum Mile retreatment facility, both in the Rustenburg area, South Africa and the Mimosa Joint Venture with Impala Platinum in Zimbabwe. [6] In 1974, Implats began supplying major motor manufacturer General Motors with up to 300,000 t oz of platinum and 120,000 t oz of palladium a year for devices to reduce exhaust pollution. He is the current Director of the School of Leadership at the University of Johannesburg, South Africa and he serves on the subsidiary boards of the Barclays Bank Africa Group in Mozambique and Tanzania. [7], On 26 January 1973, Bishopsgate Platinum Limited, of which Implats was a wholly owned subsidiary, was listed on the Johannesburg Stock Exchange (JSE). Volume gains helped offset persistent inflationary pressures from rising labour and utility costs and the translation impact of a weaker rand on costs from the Zimbabwean subsidiaries. In December 2019, Impala Canada was formed, owned by the holding company, out of the acquisition of North American Palladium and its mine in Ontario, Canada. R23 942 per platinum ounce. Vancouver, British Columbia--(Newsfile Corp. - January 15, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to report that its subsidiary, Barplats Mines (Pty) Ltd. ("Barplats"), has confirmed the provisional payment terms of the first delivered shipment (See news … Nico serves as chairman of subsidiaries Impala Platinum Limited and Impala … Impala Platinum (Implats) has announced plans to reduce the number of workers at a subsidiary in Limpopo that has been operating at a loss. Impala Platinum Holdings Limited (Implats) is a producer and supplier of platinum group metals (PGMs) to industrial economies. This included the conclusion of a USD 275 million term and revolving credit facility by NAP (renamed Impala Canada Ltd.) which is guaranteed by the Company, Impala Holdings Limited and Impala Platinum Limited. Implats produces about 1.7 million ounces of platinum annually from its mines in South Africa (the Bushveld Complex) and Zimbabwe (the Great Dyke). Eastern Platinum Limited Is Pleased to Report PGM Revenue and Site Update. Zimplats is owned by Impala Platinum Ltd., Unki is a subsidiary of Anglo American Platinum Ltd., and Mimosa is jointly owned by Impala and Sibanye Gold Ltd. Gold and platinum have traditionally dominated Zimbabwe’s forex receipts from the mining sector, … The Waterberg Project was discovered by Platinum Group and is being jointly developed with Impala Platinum Holdings Ltd., Japan Oil, Gas and … On 19 October 1978, Bishopsgate changed its name to Impala Platinum Holdings Limited (Implats). Impala Platinum Holdings Limited or Implats is a South African holding company that owns several companies which operate mines that produce platinum and platinum group metals, as well as nickel, copper and cobalt. Implats is one of the world's foremost producers of platinum and associated platinum group metals (PGMs). Platinum Group Metals Ltd. is the operator of the Waterberg Project, a 19.5 million ounce proven and probable reserve, bulk underground palladium, platinum and gold deposit located in … Impala was listed as a subsidiary of Bishopsgate Platinum Limited on the Johannesburg Stock Exchange (JSE) in 1973, the listing later converted to Impala Platinum Holdings Limited (Implats). Impala is the group's main operational unit and is situated on the Impala lease area on the western limb of Bushveld, east of Johannesburg in South Africa, and is one of the largest platinum-group-metal-bearing ore bodies in the world. The company also owns or has interest in the Two Rivers mine and the Marula mine in the South Africa Bushveld Igneous Complexand the Mimosa mine and Zimplats in Zimbabwe, as well as the Impala Refi… Convertible bonds due 2022: 18/07/2019 : 13:12 The Company also holds interest in Two Rivers Platinum Proprietary Limited (Two Rivers) and Mimosa Investments Limited … Your email address will not be published. Following the successful completion of a feasibility study and capital budget estimate, DRA Global was contracted to undertake the multi-level mine design of the Leeuwkop Shaft Project for Impala Platinum. Your email address will not be published. North American Palladium Ltd. was purchased by Johannesburg-based Impala Platinum Holdings Limited for CA$1 billion in 2019. [3] The two, along with South African state-owned Industrial Development Corporation, each took a 10% share in the company. Since August 2018, Impala Platinum has been led by company directors Nico Muller (CEO) and Meroonisha Kerber (CFO). Get the latest Impala Platinum Holdings Ltd. IMPUY detailed stock quotes, stock data, Real-Time ECN, charts, stats and more. Later in the same year, we acquired Anglo American Platinum Limited’s Rustenburg operations. Further, the Board has authorised that the Company may, provide financial assistance of up to a maximum R20 million in terms of the Impala Platinum Holdings Limited Long-Term Incentive Plan adopted in 2012. Impala Platinum, Implats' operating subsidiary in Rustenburg, today handed-over the first completed houses at the Platinum Village development to their new owners. Our operations are located on the Bushveld Complex in South Africa and the Great Dyke in Zimbabwe, the two most significant PGM-bearing ore bodies in the world. In 2003, Implats' parent company Gencor completed its "unbundling" after having amalgamated with Gold Fields in 1998. [8], In 1990, Implats acquired an effective interest in Western Platinum and Eastern Platinum (collectively Lonhro Platinum Division, or Lonplats). Its most significant mine is the Impala mine in the North West province of South Africa. About Impala Platinum Holdings Ltd. Implats is one of the world’s foremost producers of platinum group metals (PGMs). We are one of the world’s largest mining companies. On the corporate side, a company called Bishopsgate Platinum Limited, of which Impala Platinum Ltd was a wholly-owned subsidiary, was listed on the JSE on 26 January 1973 and on 19 October 1978, its name was changed to Impala Platinum Holdings Limited (Implats). Fellow subsidiary and associates of holding company (RBH) transactions: Fraser Alexander for rental of mining equipment, maintenance of tailings dam and operation of sewage plant (a subsidiary of RBH) 8.4: 10.3 : Impala Platinum Limited for royalties received (an associate of RBH) (refer to Note 24 and Directors’ report) 65.7: 46.7 Our operations are located on the Bushveld Complex in South Africa and the Great Dyke in Zimbabwe, the two most significant PGM-bearing ore bodies in the world. Experience: Former CEO of MC Mining Limited and prior to that served as CEO and CFO at Impala Platinum Holdings Limited (Implats). The Company's segments include mining (which includes Impala, Zimplats, Marula and Afplats), refin ing services (which include metals purchased and toll refined), chrome processing and other. Its subsidiaries include Impala Platinum Limited (Impala), Zimplats Holdings Limited (Zimplats), Afplats Proprietary Limited (Afplats) and Marula Platinum Proprietary Limited (Marula). Management: Managed by ARM. Impala Platinum started out as a subsidiary of Bishopsgate Platinum until Bishopsgate changed its name to Impala Platinum Holdings Ltd in 1978. In 2016, we completed the acquisition of Aquarius Platinum Limited’s stakes in the Kroondal mine and the Platinum Mile retreatment facility, both in the Rustenburg area, South Africa and the Mimosa Joint Venture with Impala Platinum in Zimbabwe. [13], In late January 2014, thousands of employees belonging to Impala Platinum and other platinum mines in South Africa went on strike, demanding a basic salary of R 12,500 (1,180$). The Company's segments include mining (which includes Impala, Zimplats, Marula and Afplats), refining services (which include metals purchased and toll refined), chrome processing and other. IMPALA PLATINUM HOLDINGS LIMITED – Results of invitation to sell up to ZAR1.625bn of oustanding convertible bonds due 2022 issued by the Company 08.12.20 12:00 IMPALA PLATINUM … Later in the same year, we acquired Anglo American Platinum Limited’s Rustenburg operations. Nico was appointed to the board as chief executive officer and executive director. Our portfolio spans iron ore and manganese, metallurgical and thermal coal, copper, nickel, niobium and phosphates, platinum and diamonds. IMPALA PLATINUM LTD has 27,000 total employees across all of its locations and generates $100.33 million in sales (USD). JOHANNESBURG – Impala Platinum (Implats) has impaired R13.6 billion at its Impala Rustenburg subsidiary in the North West in the year to June … Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. The Impala platinum mine, located on the western limb of the world-renowned Bushveld Complex in South Africa, has been operational since 1969. Marketline's Impala Platinum Holdings Limited Mergers & Acquisitions (M&A), Partnerships & Alliances and Investments report includes business description, detailed reports on mergers and acquisitions (M&A), divestments, capital raisings, venture capital investments, ownership and partnership transactions undertaken by Impala Platinum Holdings Limited since January2007. It entered into a joint venture with Anglovaal Mining (Avmin) to develop the Two Rivers Platinum project, and sold its stakes in Barplats Mines and Lonplats. Impala Platinum Holdings Limited or Implats is a South African holding company that owns several companies which operate mines that produce platinum and platinum group metals, as well as nickel, copper and cobalt. grant, Fossil Mines buys stake in Zim platinum, SAA subsidiaries seek investors. Impala Platinum Holdings (IMPLATS) holds a 96% ownership in the mining operation through its subsidiary Impala Refining Services (IRS) while the remaining 4% is held under an Employee Share Ownership Trust. Kerber joined the company in August 2018 after her predecessor Brenda Berlin, who had served as CFO since 2011, resigned in February. [14], The strike, the longest in the history of South Africa, ended in late June 2014 when the Association of Mineworkers and Construction Union (AMCU) signed a three-year settlement deal with Impala Platinum and other platinum mine owners, which saw workers earning less than R 12,500 get a wage increase of R 1,000 ($95) per month for two years and R 950 ($90) per month in the third year. [9] A full merger agreement with Lonplats was attained in 1995, but was subsequently blocked by the European Union in 1996.[10]. Impala Platinum (Implats) has announced plans to reduce the number of workers at a subsidiary in Limpopo that has been operating at a loss. Following this news, there were falls in the share prices of companies with mines in Zimbabwe, including Implats. The Company's segments include mining (which includes Impala, Zimplats, Marula and Afplats), refining services (which include metals purchased and toll refined), chrome processing and other. [2] It received technical advice from Canadian company Inco, while British bank Hambros provided financial advice. The company is structured with five main operations located in Impala, Zimplats, Marula, Mimosa, and Two Rivers. In addition, the Board of directors has authorised that the Company may provide direct or indirect financial assistance of up to a maximum R500 million in aggregate, to any of its present or future related or inter-related companies or corporations (including in the form of intercompany loans, guarantees to Eskom and the Department of Mineral Resources, and cash management arrangements). Implats is structured around five main operations. Implats is structured around five main operations. Flash Briefing: Small farmers get govt. As part of its treasury management activities, the Company has refreshed approvals for the following intercompany loans granted to certain subsidiaries: Impala Platinum Limited R5.3 billion, Gazelle Platinum Limited R199.7 million, Impala Holdings Limited R11.3 billion. Spokesperson Bob … Save my name, email, and website in this browser for the next time I comment. The Waterberg Project was discovered by Platinum Group and is being jointly developed with Impala Platinum Holdings Ltd., Japan Oil, Gas and Metals National Corporation (JOGMEC), Hanwa Co. … Implats is one of the world's foremost producers of platinum and associated platinum group metals (PGMs). As part of its treasury management activities, the Company has refreshed approvals for the following intercompany loans granted to certain subsidiaries: Impala Platinum Limited R5.3 billion. Implats was formed in 1966 as a subsidiary of Union Corporation, which established a platinum mine in Rustenburg with an initial capacity of 100,000 oz per year. The Impala platinum mine, located on the western limb of the world-renowned Bushveld Complex in South Africa, has been operational since 1969. Following the successful completion of a feasibility study and capital budget estimate, DRA Global was contracted to undertake the multi-level mine design of the Leeuwkop Shaft Project for Impala Platinum. IMPALA PLATINUM HOLDINGS LIMITED - Results of invitation to holders to offer to convert outstanding US$250 000 000 3.25 per cent convertible bonds: 22/07/2019 : 08:00 : IMPALA PLATINUM HOLDINGS LIMITED - Invitation to holders to offer to convert outstanding U.S.$250,000,000 3.25 per cent. You don’t have to spend an arm and a leg to be visible to your customers. Refining: All metal in concentrate produced is sold to an Impala Platinum subsidiary, Impala Refining Services (IRS), chrome concentrates are sold through chrome traders to various global end users View Impala Platinum Holdings Ltd. IMPUY investment & stock information. Impala Platinum Holdings Ltd is one of the world's largest producers of platinum and associated platinum group metals, including palladium and rhodium. Following the completion of the acquisition of North American Palladium Limited (NAP) in December 2019, the Company earlier this year finalised the process of refinancing the bridge loan facility which was utilised by the Company and its subsidiaries to fund the acquisition of NAP, as well as NAPs existing working capital facilities. Yesterday it was reported that the Subsidiary Chief Executive Officer of Impala Platinum Holdings (IMPUF – Research Report), Alex Mhembere, exercised options to sell 93,653 IMPUF shares for a total transaction value of $15.65M.In addition to Alex Mhembere, 7 other IMPUF executives reported Sell trades in the last month. IMPALA PLATINUM LTD is located in Johannesburg, Gauteng, South Africa and is part of the Professional Services Sector Industry. Impala Platinum Rustenburg CE Mark Munroe was granted bail of R60 000 after appearing in court on Friday. Ownership: ARM owns 54% of Two Rivers Mine, Impala Platinum Holdings Ltd owns the remaining 46%. JSE-listed Implat’s subsidiary Impala Platinum, which holds the Rustenburg mines, was charged with violations of the Disaster Management Act by the police. Impala has 71 employees across 2 locations and $32.80 m in total funding,. Impala Platinum Holdings (IMPLATS) holds a 96% ownership in the mining operation through its subsidiary Impala Refining Services (IRS) while the remaining 4% is held under an Employee Share Ownership Trust. Implats is one of the world's foremost producers of platinum and associated platinum group metals (PGMs). Impala Platinum (Implats) has swiftly become the world's second-largest platinum producer (behind Anglo Platinum). The Company is also announced that it has amended its rand revolving credit facility made available to the Company and guaranteed by Impala Platinum Limited so that the Company will be entitled to request access to additional credit facilities of up to R2 billion under the same facility agreement should the need for additional liquidity arise in the next 12 months. [19] From that point on, the Lac des Iles mine would be operated by the new company called Impala Canada Limited. The company also owns or has interest in the Two Rivers mine and the Marula mine in the South Africa Bushveld Igneous Complex and the Mimosa mine and Zimplats in Zimbabwe, as well as the Impala Refining Services which smelts and refines metals for other companies. This followed Impala Platinum Limited, a subsidiary of Implats, being charged with alleged contraventions of certain regulations issued in terms of the provisions of … Impala Platinum Holdings Limited (Implats) is a producer and supplier of platinum group metals (PGMs) to industrial economies. Dr. Mufamadi is an independent Non-Executive Director of Impala Platinum Holdings Limited. There has been a R8 billion sale of business between subsidiaries of Implats: Impala Refining Services and Impala Platinum.. Impala Platinum (Impala) conducts mining operations, operates a smelting plant near Phokeng, Rustenburg and a refinery for base and precious metals in Springs. There are 7 companies in the IMPALA PLATINUM LTD corporate family. Its subsidiaries include Impala Platinum Limited (Impala), Zimplats Holdings Limited (Zimplats), Afplats Proprietary Limited (Afplats) and Marula Platinum Proprietary Limited (Marula). Advertising on MiNMET – Mineral Processing & Metallurgy – is an effective way to build and consolidate a company’s profile among clients and prospective clients. Demand for platinum outstrips constrained supply, Alumina and bauxite for non-metallurgical applications, BEE and affirmative action drive corruption in SA, Platinum swells to six-year high amid diminished supply, Gold Fields produces solid 557koz gold in Q3 2020, https://www.youtube.com/watch?v=zk5-8DM0OvA, Contribution of insulation to the decarbonisation of industry, Calderys’ China plant receives accreditation for its environmental efforts, Refratechnik and Höganäs agreement to benefit refractory users, Crushing station to be installed at Amarillo Gold in Brazil, SINOPEC invests in state-of-the-art spiral pipe plant, Posco develops stainless steel for desulfurization facilities, Metso Outotec launches Linear Metallurgical Sampler, Shutdown services tailored to suit customers, Jet Demolition to respond quickly to emergency projects, Mammoet to move 7000t mining plant in Mozambique, Repair and testing of auxiliary mine ventilation fans. [11] Shareholders were given 8.8 Implats shares for every 100 Gencor shares they held. [18] Under the terms of the deal, Brookfield Business Partners was paid $570 million for its 81% stake in the company and minority shareholders were paid $19.74 per share. Impala Platinum Holdings Limited (Implats) is a producer and supplier of platinum group metals (PGMs) to industrial economies. DRA Global is a diversified global engineering group. Impala Platinum Holdings Limited (Implats) is a producer and supplier of platinum group metals (PGMs) to industrial economies. DRA Global is a diversified global engineering group. Soon, Impala had established another contract, this time with General Motors to supply up to 300,000 ounces of platinum and 120,000 ounces of palladium annually for the period from 1974 to 1983. Stay up to date on the latest stock price, chart, news, analysis, fundamentals, trading and investment tools. About Platinum Group Metals Ltd. Spokesperson Bob … On the corporate side, a company called Bishopsgate Platinum Limited, of which Impala Platinum Ltd was a wholly-owned subsidiary, was listed on the JSE on 26 January 1973 and on 19 October 1978, its name was changed to Impala Platinum Holdings Limited (Implats). Impala Platinum (Implats) has swiftly become the world's second-largest platinum producer (behind Anglo Platinum).Implats produces about 1.7 million ounces of platinum annually from its mines in South Africa (the Bushveld Complex) and Zimbabwe (the Great Dyke). [4] In 1968, Implats entered into a prospecting accord with the Bafokeng tribe (now the Royal Bafokeng Nation) and obtained a lease for 12,000 ha of land, with production kicking off in July 1969. Chief Executive Officer Terence Goodlace commented, "This is a proud moment for us at Implats, as we have a strong focus on home ownership. Higher sales volumes were delivered into stronger rand PGM pricing and resulted in a significantly improved Group financial performance. [15], In October 2019, Implats announced it would acquire the outstanding shares in Canadian-based North American Palladium Limited for $758 million.[16][17]. Impala Platinum Holdings Limited (Implats) is a producer and supplier of platinum group metals (PGMs) to industrial economies. Gazelle Platinum Limited R199.7 million. Impala Platinum Holdings Limited (Implats) is a producer and supplier of platinum group metals (PGMs) to industrial economies. On the corporate side, a company called Bishopsgate Platinum Limited, of which Impala Platinum Ltd was a wholly-owned subsidiary, was listed on the JSE on 26 January 1973 and on 19 October 1978, its name was changed to Impala Platinum Holdings Limited (Implats). The Impala operation comprises a 10-shaft mining complex and concentrating and smelting plants. Eastern Platinum Limited Is Pleased to Report PGM Revenue and Site Update Vancouver, British Columbia--(Newsfile Corp. - January 15, 2021) - Eastern Platinum Limited (TSX: ELR) (JSE: EPS) ("Eastplats" or the "Company") is pleased to report that its subsidiary, Barplats Mines (Pty) Ltd. ("Barplats"), has confirmed the provisional payment terms of the first delivered shipment (See news … Ownership: ARM owns 54% of Two Rivers Mine, Impala Platinum Holdings Ltd owns the remaining 46%. Come and engage with us as we try to equip you with the right information you need to make more informed decisions.
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