Impala Platinum, the majority owner of Zimplats, said its operations were unaffected by political developments in Zimbabwe, where the military has sent tanks and armoured vehicles into the capital Harare and taken over key points like the national broadcaster. Implats owns 87% of Australia-listed Zimplats, the largest platinum miner in Zimbabwe which provides work for nearly 6,000 people. It is also the equal partner in the Mimosa mine shared with Sibanye-Stillwater. The Zimplats mines reported sales of 274,400oz of platinum in the 2017 financial year to end-June, 227,900oz of palladium and 24,600oz of rhodium, making them the second-largest source of platinum group metals for Implats. “While there are reports of military presence in the country’s capital, to date, there has been no sign of unrest or military presence at any of our operations,” said Implats spokesman Johan Theron. “Our operations are all located some distance from the capital, and have continued to operate normally ...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.