Key features for the year

IMPALA PLATINUM HOLDINGS LIMITED (IMPLATS) IS ONE OF THE WORLD'S FOREMOST PRODUCERS OF PLATINUM AND ASSOCIATED PLATINUM GROUP METALS (PGMs). IMPLATS IS STRUCTURED AROUND SIX MINING OPERATIONS AND IMPALA REFINING SERVICES, A TOLL-REFINING BUSINESS. 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.

  • Key features for the six months

    Safety

    • Significant improvement in safety performance
    • Record low FIFR for the Group
    • FIFR lowest among our peers in CY2018
  • Financial

    • Strong positive cash flows across the Group – net debt reduced from R3.8bn to R976m
    • Gross profit of R3.2bn from R556m
    • Headline earnings of 310cps from a loss of 21cps
    • Group liquidity headroom improves by R4.2bn to R10.4bn
  • Operational

    • Mine-to-market platinum in concentrate production sustained at 678koz
    • Gross refined PGM production up 11% to 1.59Moz including refined platinum production of 800koz and palladium of 464koz
    • Group cash costs adjusted for stock changes flat at R22 715/Pt oz
  • Market

    • The market for palladium and rhodium continues to tighten
    • The platinum market remains challenged in the near term
    • PGM dollar revenue per platinum ounce sold up 10% to US$2 124/Pt oz
    • Rand revenue per platinum ounce sold was 16% higher and averaged R30 118/Pt oz