Edition:
India

Impala Platinum Commences Sale Process Of 1 Shaft With Interested Parties


Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Impala Platinum Holdings Ltd ::QTRLY REVENUES BENEFITTED FROM WEAKER RAND AND IMPROVED PALLADIUM AND RHODIUM PRICES.GROSS TONNES MILLED DURING QUARTER INCREASED BY 1.9% TO 6.87- MILLION TONNES.GROSS REFINED PLATINUM PRODUCTION DURING QUARTER INCREASED BY 8.2% TO 369 000 OUNCES.COMMENCED PROCESS TO IDENTIFY AND ENGAGE WITH PARTIES WHO MAY HAVE AN INTEREST IN BUYING IMPALA RUSTENBURG'S 1 SHAFT.QTRLY PALLADIUM REFINED PRODUCTION 207 KOZ VERSUS 189 KOZ.CONTINUING TO ENGAGE WITH PARTIES WHO MAY HAVE AN INTEREST IN 100% OUTSOURCING OF 1 SHAFT TO A THIRD-PARTY CONTRACTOR.14.2% IMPROVEMENT IN REVENUE/PLATINUM OUNCE RECEIVED DURING QUARTER (R28 355 PER PLATINUM OUNCE) VERSUS PREVIOUS COMPARABLE QUARTER.PROGRESSED SECTION 189 RESTRUCTURING PROCESS FOR 1 500 EMPLOYEES.INCREASE IN QTRLY PRODUCTION WAS LARGELY DUE TO A MUCH STRONGER OPERATIONAL PERFORMANCE AT IMPALA RUSTENBURG.