Impala Platinum
Encyclopedia
Impala Platinum Holdings Limited (Implats) is in the business of mining, refining and marketing of platinum group metals (PGMs), as well as nickel
, copper
and cobalt
. In the 2009 financial year, Implats produced 1.7Moz of platinum
(approximately 25% of global supply) and 3.4Moz of PGMs. The group employs approximately 53,000 people (including contractors) across its operations and is one of the most efficient and lowest cost primary platinum producers in the world. The company is listed on the Johannesburg Stock Exchange and the LSE
.
In March 2011, the government of Zimbabwe implemented laws which required local ownership of mining companies; following this news, there were falls in the share prices of companies with mines in Zimbabwe, including Implats.
Nickel
Nickel is a chemical element with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge. Nickel belongs to the transition metals and is hard and ductile...
, copper
Copper
Copper is a chemical element with the symbol Cu and atomic number 29. It is a ductile metal with very high thermal and electrical conductivity. Pure copper is soft and malleable; an exposed surface has a reddish-orange tarnish...
and cobalt
Cobalt
Cobalt is a chemical element with symbol Co and atomic number 27. It is found naturally only in chemically combined form. The free element, produced by reductive smelting, is a hard, lustrous, silver-gray metal....
. In the 2009 financial year, Implats produced 1.7Moz of platinum
Platinum
Platinum is a chemical element with the chemical symbol Pt and an atomic number of 78. Its name is derived from the Spanish term platina del Pinto, which is literally translated into "little silver of the Pinto River." It is a dense, malleable, ductile, precious, gray-white transition metal...
(approximately 25% of global supply) and 3.4Moz of PGMs. The group employs approximately 53,000 people (including contractors) across its operations and is one of the most efficient and lowest cost primary platinum producers in the world. The company is listed on the Johannesburg Stock Exchange and the LSE
LSE
LSE may refer to:* London School of Economics and Political Science, a specialist school of the University of London* London Stock Exchange or its owner group London Stock Exchange Group...
.
In March 2011, the government of Zimbabwe implemented laws which required local ownership of mining companies; following this news, there were falls in the share prices of companies with mines in Zimbabwe, including Implats.