JOHANNESBURG - Mining company Impala Platinum on Thursday reported a headline loss per share of 171 cents for the year ended 2018, worse than the loss of 137 cents recorded last year.
Impala said earnings during the year were impacted by impairments, mainly due to the restructuring of Impala Rustenburg, where the company has announced it will slash some 13,000 jobs over two years.
The company said the past year had been pivotal as it embraced and advanced key strategies to align with the group’s evolving geopolitical and macro‐economic landscape.
Both jurisdictions in which the company operates, South Africa and Zimbabwe, had witnessed reassuring political changes, which it said would positively influence the industry and the group’s business interests in the future.
Over the year, tonnes of metal milled rose six percent to 19.4 million compared to last year’s 18.3‐million tonnes.