Implats
SA mining industry struggling to contain spread of COVID-19
The number of positive coronavirus cases confirmed within the sector so far suggests the spread is not easing, with 1,559 active cases at the last count, while...
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Marula Mine in Limpopo remains shut after 19 COVID-19 cases detected
The decision to shut down the mine, for now, was taken at the weekend after the cluster of infections was identified.
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UPDATE: 19 miners test positive for COVID-19 at Implats Marula mine in Limpopo
Limpopo Health MEC Phophi Ramathuba said contract tracing has begun, while it’s still not clear if the mine will halt operations.
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Implats cuts output guidance and capex spend as coronavirus weighs
Implats said in its quarterly update that it expects annual refined production of between 2.6 million and 2.9 million ounces this year, compared with previous guidance of between 3 million and 3.4 million ounces.
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Implats' Rustenburg mine paid us a quarter of our salaries - say miners
Two miners at Impala's Rustenburg mine said they were only paid until 17 April, which was the day they received SMSes from CEO Mark Munroe to return to work.
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Parly committee chair welcomes arrest of Implats CEO Mark Munroe
Munroe, who was released on R60,000 bail on Friday, is alleged to have contravened the lockdown regulations by calling workers including non-essential staff to return to work this week.
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UPDATE: Implats exec Mark Munroe due in court for breaching lockdown regulations
He allegedly called workers back for operations, including non-essential operations.
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Improved operating performance sees Implats delay job cuts
Implats said that it would continue operating its number 12 and 14 shafts for the foreseeable future, securing 10,000 jobs, and would then continue to mine 1 shaft for its remaining life of three years, securing 2,500 jobs.
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Implats to swing back to annual profit
Improved operational performance will also help headline earnings per share to bounce back in the year ended 30 June from a loss of 171 cents in the previous year.
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Implats in talks to sell 1 Shaft operation in Rustenberg
Implats plans to trim staff by about a third - more than 13,000 jobs - over two years at its labour-intensive, conventional operations in the Rustenburg platinum belt.
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'The revolution is imminent'
Joseph Mathunjwa warned last week of unspecified industrial action by his Amcu at Implats over its plans to cut around a third of its workforce, in a bid to return to profits in the face of depressed prices and soaring costs.
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Mathunjwa: One job loss, one too many
Amcu held a briefing on Tuesday following an announcement last week that the platinum producer plans to cut around 13,000 jobs over the next two years.
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Amcu threatens to bring Implats to its knees over job cuts
Amcu has accused the government of being a capitalist state and making it easy for mining bosses to abuse their employees.
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Mantashe urges Implats to reconsider restructuring plans
Impala Platinum announced its plans to will slash 13,000 jobs over the next two years as it grapples with rising costs and weak prices for the precious metal.
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Mantashe: Implats’ decision to cut jobs careless & in bad faith
Implats announced earlier on Thursday that about 13,000 jobs are on the line as it embarks on a restructuring process.
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Impala Platinum warns of further job losses if restructuring plan fails
South Africa’s platinum industry is grappling with rising costs and weak prices for the precious metal.
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Platinum miner Implats says to slash 13,000 jobs
Impala Platinum will slash 13,000 jobs over the next two years, it said on Thursday, as the local platinum industry grapples with rising costs and weak prices for the precious metal.
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Implats' Marula mine in S.Africa rebounding as community violence fades
The eastern limb of South Africa’s platinum belt has been a flashpoint of labour and community unrest, threatening production and the viability of some operations in the world’s largest producer of the precious metal.
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SA's Implats narrows HY loss by 70%
Implats, the world’s second biggest platinum producer, said diluted headline earnings per share (HEPS) narrowed to a loss of 21 cents per share in the six months ended December 2017.
