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Impala Platinum Holdings Ltd (IMPJ.J)

IMPJ.J on Johannesburg Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Impala Platinum Holdings Faced Interruptions To Operations Caused By Eskom Disruptions
Friday, 26 Apr 2019 

April 26 (Reuters) - Impala Platinum Holdings Ltd ::JSE: IMP - THIRD QUARTER PRODUCTION REPORT FOR THE PERIOD 1 JANUARY TO 31 MARCH 2019.IMPALA PLATINUM HOLDINGS LTD - METAL PRICES FOR OUR PRIMARY PRODUCTS REMAIN BUOYANT, ALLOWING US TO SUSTAIN PROFITABILITY IN FY2019, YEAR TO DATE.IMPALA PLATINUM HOLDINGS LTD - GROUP TONNES MILLED DURING QUARTER WERE SLIGHTLY LOWER AT 4.53 MILLION TONNES, COMPARED TO 4.59 MILLION TONNES.IMPALA PLATINUM HOLDINGS LTD - ALONG WITH REST OF SOUTH AFRICA WE WERE FACED WITH INTERRUPTIONS TO OUR OPERATIONS CAUSED BY ESKOM POWER DISRUPTIONS.IMPALA PLATINUM HOLDINGS LTD - TOTAL PLATINUM IN CONCENTRATE PRODUCTION DURING QUARTER WAS SLIGHTLY HIGHER AT 350 000 OUNCES.IMPALA PLATINUM HOLDINGS LTD - SOUTH AFRICAN OPERATIONS ELSEWHERE FARED LESS WELL IN QUARTER.IMPALA PLATINUM - QTRLY REFINED PLATINUM PRODUCTION INCREASED BY 5.4% TO 333 000 OUNCES, COMPARED TO 316 000 OUNCES IN PRIOR CORRESPONDING PERIOD.IMPALA PLATINUM HOLDINGS LTD - ENCOURAGED BY ONGOING INITIATIVES LED BY GOVERNMENT OF ZIMBABWE TO RESTORE ECONOMIC GROWTH.IMPALA PLATINUM HOLDINGS LTD - Q3 HISTORICALLY REMAINS A CHALLENGING PERIOD FOR IMPLATS, LARGELY AS A RESULT OF CHRISTMAS HOLIDAY BREAK.IMPALA PLATINUM HOLDINGS LTD - QTRLY PALLADIUM REFINED PRODUCTION 219000 OZ VERSUS 196000 OZ.IMPALA PLATINUM HOLDINGS - SITUATION FURTHER AGGRAVATED THIS YEAR BY UNEXPECTED ESKOM POWER SUPPLY ISSUES, WHICH IMPACTED SOUTH AFRICAN OPERATIONS.  Full Article

Impala Platinum Says HY Headline Earnings Of 310CPS
Thursday, 28 Feb 2019 

Feb 28 (Reuters) - Impala Platinum Holdings Ltd ::CONSOLIDATED INTERIM RESULTS (REVIEWED) FOR THE SIX MONTHS ENDED 31 DECEMBER 2018.HY HEADLINE EARNINGS OF 310CPS FROM A LOSS OF 21CPS.MARKET FOR PALLADIUM AND RHODIUM CONTINUES TO TIGHTEN.PLATINUM MARKET REMAINS CHALLENGED IN NEAR TERM.HY REVENUE AT R23.52 BILLION WAS R6.24 BILLION OR 36.1% HIGHER THAN COMPARATIVE SIX MONTHS.BOARD HAS RESOLVED NOT TO DECLARE AN INTERIM DIVIDEND FOR SIX MONTHS TO 31 DECEMBER 2018.WE EXPECT PLATINUM MARKET TO REMAIN IN SURPLUS IN 2019 BEFORE TIGHTENING THEREAFTER..HEADWINDS FACING SOUTH AFRICAN PGM INDUSTRY ARE EXPECTED TO REMAIN LARGELY UNCHANGED IN 2019.FULL-YEAR REFINED PRODUCTION FOR GROUP IS MAINTAINED AND IS ESTIMATED AT 1.5 TO 1.6 MILLION PLATINUM OUNCES.  Full Article

Impala Platinum Says HY Platinum Sales Volumes Are Expected To Increase By 19%
Monday, 4 Feb 2019 

Feb 4 (Reuters) - Impala Platinum Holdings Ltd ::HY REFINED PLATINUM PRODUCTION FOR PERIOD IS EXPECTED TO INCREASE BY 10% TO 800 KOZ.HY PLATINUM SALES VOLUMES ARE EXPECTED TO INCREASE BY 19% TO 773 KOZ FROM 649 KOZ.EXPECTING TO REPORT BOTH POSITIVE BASIC AND HEADLINE EARNINGS FOR PERIOD OF HY.HEADLINE EARNINGS AND HEADLINE EARNINGS PER SHARE FOR HY ARE EXPECTED TO INCREASE TO AT LEAST R2.1 BILLION OR 292 CENTS PER SHARE.THERE IS NOT SUFFICIENT CERTAINTY AT THIS STAGE TO ENABLE CO TO PROVIDE GUIDANCE RANGES ON ITS EXPECTED RESULTS.  Full Article

Impala Sees FY Refined Platinum Production Of 1.5-1.6 Mln Oz
Thursday, 13 Sep 2018 

Sept 13 (Reuters) - Impala Platinum Holdings Ltd ::FY EARNINGS WERE IMPACTED BY IMPAIRMENTS OF R13.6 BILLION, MAINLY DUE TO RESTRUCTURING OF IMPALA RUSTENBURG.FUNDING STRATEGY S SUPPORTED BY FORWARD SALE OF UP TO R2 BILLION OF PIPELINE STOCK, FOR SUFFICIENT LIQUIDITY DURING 2-YEAR RESTRUCTURING PERIOD.FY HEADLINE LOSS PER SHARE DILUTED 171 CENTS.SEES GROUP REFINED PLATINUM PRODUCTION BETWEEN 1.50 AND 1.60 MILLION OUNCES FOR NEXT FINANCIAL YEAR.OPERATING COST, EXCLUDING COST OF RETRENCHMENT, IS EXPECTED TO BE BETWEEN R23 900 AND R24 800 PER PLATINUM OUNCE FOR NEXT FINANCIAL YEAR.CAPITAL EXPENDITURE IS PLANNED AT BETWEEN R4.1 BILLION AND R4.3 BILLION FOR NEXT FINANCIAL YEAR.FY PLATINUM OUNCES IN CONCENTRATE WERE 1 PCT HIGHER AT 1.57 MILLION PLATINUM OUNCES (FY2017: 1.56 MILLION).REVENUE FOR YEAR DECLINED BY 3 PCT TO R35.9 BILLION.SUSTAINED LOWER METAL PRICES AND A WEAK RAND HAVE HAD A SIGNIFICANT IMPACT ON PGM INDUSTRY.  Full Article

Impala Platinum Says PIC's Clients Hold 15 Pct Stake In Co
Friday, 6 Jul 2018 

July 6 (Reuters) - Impala Platinum Holdings Ltd ::ACQUISITION OF SECURITIES BY CLIENTS OF PUBLIC INVESTMENT CORPORATION .TOTAL INTEREST IN ORDINARY SHARES OF COMPANY HELD BY PIC'S CLIENTS NOW AMOUNTS TO 15.047 PCT OF TOTAL ISSUED ORDINARY SHARES OF COMPANY.RECEIVED FORMAL NOTIFICATION THAT CLIENTS OF PIC HAVE, IN AGGREGATE, ACQUIRED AN INTEREST IN ORDINARY SHARES OF COMPANY.  Full Article

Impala Platinum Says HY HEPS Expected To Be Loss Of Between 17 And 26 Cents Per Share
Monday, 19 Feb 2018 

Feb 19 (Reuters) - Impala Platinum Holdings Ltd ::‍HEPS FOR HY ENDED DEC 31 EXPECTED TO BE LOSS OF BETWEEN 17 AND 26 CENTS PER SHARE COMPARED TO HY ENDED 31 DEC 2016 HEPS LOSS OF 71 CENTS​.‍REASON FOR INCREASE IN HY HEPS FROM COMPARATIVE PERIOD IS THAT GROUP MADE A GROSS PROFIT IN CURRENT PERIOD COMPARED TO GROSS LOSS IN COMPARABLE PERIOD.  Full Article

Impala says group CFO ‍Brenda Berlin has resigned; effective Feb.28
Tuesday, 21 Nov 2017 

Nov 21 (Reuters) - Impala Platinum Holdings Ltd ::IMPALA PLATINUM HOLDINGS - ‍BRENDA BERLIN HAS RESIGNED AS GROUP CHIEF FINANCIAL OFFICER AND AS EXECUTIVE DIRECTOR OF IMPLATS, WITH EFFECT FROM 28 FEBRUARY 2018​.‍MARK MUNROE HAS ASSUMED ROLE OF HEAD OF OPERATIONS AT IMPALA RUSTENBURG​.  Full Article

Impala Platinum produces ‍341​ koz of platinum in Q1, sees 1.51-1.56 mln oz in 2018​
Tuesday, 31 Oct 2017 

Oct 31 (Reuters) - Impala Platinum Holdings Ltd :Q1 PLATINUM PRODUCTION ‍341​ KOZ VERSUS 365 KOZ YEAR AGO.Q1 PALLADIUM PRODUCTION ‍189​ KOZ VERSUS 223 KOZ YEAR AGO.‍Q1 TONNES MILLED INCREASED BY 9.6% TO 6 741 000 TONNES, COMPARED TO 6 149 000 TONNES​ LAST YEAR.‍SAFETY REMAINS AN ISSUE AT IMPALA RUSTENBURG AND MARULA​.‍GROSS REFINED PLATINUM PRODUCTION FOR GROUP IS NOW EXPECTED TO BE BETWEEN 1.51 AND 1.56 MILLION OUNCES OF PLATINUM IN 2018​.  Full Article

Impala Platinum ‍enters agreements with PTM and JOGMEC​
Monday, 16 Oct 2017 

Oct 16 (Reuters) - Impala Platinum Holdings Ltd ::IMPALA PLATINUM - ‍ENTERED DEFINITIVE AGREEMENTS WITH PLATINUM GROUP METALS, JAPAN OIL, GAS AND METALS NATIONAL CORPORATION, MNOMBO WETHU CONSULTANTS​.IMPALA PLATINUM HOLDINGS LTD - ‍WILL PAY US$30 MILLION IN CASH TO ACQUIRE A 15% SHAREHOLDING IN PROJECT FROM PTM AND JOGMEC​.IMPALA PLATINUM - DEAL ‍TO ACQUIRE MINORITY INTEREST IN WATERBERG, WITH OPTION TO ACQUIRE MAJORITY OWNERSHIP OF PROJECT.  Full Article

Impala Platinum to implement employee consultative process at Impala Rustenburg operation
Monday, 18 Sep 2017 

Sept 18 (Reuters) - Impala Platinum Holdings Ltd ::HAS ISSUED A NOTICE TO RELEVANT EMPLOYEE REPRESENTATIVE GROUPS, GOVERNMENT AUTHORITIES AND OTHER STAKEHOLDERS AT ITS IMPALA RUSTENBURG.CONSULTATION PROCESS IS SPECIFICALLY AIMED AT ENSURING SUSTAINABILITY OF IMPALA OPERATIONS, WHICH EMPLOY SOME 31 000 PEOPLE.NOTICE ‍INDICATING IT INITIATED A SECTION 189 CONSULTATION PROCESS THAT MAY LEAD TO STAFF REDUCTIONS​.EXPERIENCING SEVERE FINANCIAL PRESSURES AT IMPALA, LARGELY AS A RESULT OF PERSISTENTLY LOW METAL (RAND) PRICES AND CONTINUED PRODUCTION COST INCREASES.EXPECTED THAT SOME 2 500 PEOPLE COULD BE AFFECTED NEAR TERM.  Full Article

Packaging makers Schur, All4Labels put up for sale: sources

FRANKFURT European packaging makers Schur Flexibles and All4Labels have been put up for sale in separate auctions geared towards private equity buyers, people close to the matter said.