Posts Tagged ‘zimplats’

Zimbabwean platinum producer Zimplats has been accused of underpaying royalties by the Zimbabwe revenue authority and is now locked in a legal battle to fend off a $28 million claim for outstanding payments. Full story

Sept. 7 (Bloomberg) -- Impala Platinum Holdings Ltd.’s Zimbabwean unit, known as Zimplats, has failed to meet new laws on asset ownership and may have its mining license revoked, according to Indigenization Minister Saviour Kasukuwere. “We will be Full story

JOHANNESBURG Impala Platinum's Zimbabwe unit said on Thursday that it remained in talks with the government about its compliance with regulations by which it must put 51% of its stake into local hands. "Discussions are still taking place and shareholders Full story

Zimbabwe's pending majority ownership plans will have Zimplats review its platinum expansion plans there although may be too far advanced to withdraw from current capital programme. Full story

Improved performance at its Impala and Zimplats mines helped Impala Platinum boost platinum output by seven per cent in the three months to the end of September. A statement released by the company revealed overall first-quarter production increased Full story

-- Impala Platinum's Zimbabwe unit, Zimplats, said on Wednesday its revenue had dipped 5% dip in the third quarter due to lower metal prices and sales volumes. Revenue fell to $110.1m for the period ended September 30 from $115.3m in the Full story

Explosives manufacturer AEL's mining services division has been converting the perimeter blasting system at Zimplats' Rukodzi mine from PE Barrel to polypipes for smooth blasting and lower costs. Full story

JOHANNESBURG, July 30 (Reuters) - Impala Platinum's Zimbabwe unit Zimplats Holdings said on Friday its total ore mined in the second quarter increased by about 5 percent from the previous quarter while revenue dropped. The company blamed slower sales for Full story

HARARE – Impala Platinum's Zimbabwe unit Zimplats Holdings is considering setting up a metals refinery in the country, where its plans a $500-million mine expansion, the firm said on Thursday. Zimbabwe has the world's second-largest platinum reserves Full story

JOHANNESBURG (miningweekly.com) – Zimplats, which is a subsidiary of South African mining firm Impala Platinum, has approved the technical aspects of its proposed Ngezi Phase II expansion project, at a projected cost of $445-million, but warned that Full story