Wednesday, February 13, 4:59 PM
While prices for gold and silver drift lower, platinum's premium to gold surged to a 17-month high on concern supply may fall after Zimbabwe's government seized land from the country’s biggest platinum producer Zimplats, majority owned by Impala Platinum. Commerzbank analysts expect further production outages which could increase the platinum supply deficit on the world market.
Comment![Commodities, Global & FX]
Tuesday, May 29, 2012, 12:55 PM
Impala Platinum's (IMPUY.PK) CEO says his company will watch Anglo American's (AAUKY.PK +2.1%) platinum review and would be prepared to scoop up any assets if they fit within its portfolio and generate value for shareholders. Anglo American launched a review earlier this year to extract more profitability from its platinum operations against a backdrop of rising costs.
Comment![Commodities, M&A, On the Move]
Thursday, February 2, 2012, 2:04 PM
Impala Platinum (IMPUY.PK -2.6%) fires 17,200 workers, including 13,000 who participated in a work stoppage, after a court order declared the pay strike at its Rustenburg platinum mine - the world’s biggest - was illegal.
Comment![Global & FX, Commodities, On the Move]
Wednesday, March 9, 2011, 6:15 PM
Following through on a threat to target companies based in countries that impose sanctions on him, Robert Mugabe will seize 51% of all foreign-owned mining businesses in Zimbabwe. The largest mining presence in Zimbabwe, Impala Platinum (IMPUY.PK +0.25%) recently began a $450M expansion project.
4 Comments[Global & FX]
Thursday, August 14, 2008, 6:50 AM
Rumors are growing that BHP Billiton (BHP) might make a bid as high as $25B for Impala Platinum [Implats] (IMPUY.PK), the No. 2 global platinum producer. BHP is the world's largest metal/mineral producer, but has no platinum exposure.
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