HARARE - Implala Platinum’s unit in Zimbabwe, Zimplats, has soared to a 522% attributable profit after revenue for the 2017 full year spiked by 9% to $512 million (R6.62billion) as platinum prices start to consolidate, while an export incentive from the government and payment of a central bank debt also aided income.
Zimplats is the biggest platinum mining operation in Zimbabwe and Implats is keeping faith with its operations in the country by its investment into a new bigger replacement mine and re-development of the collapsed Bimha mine.
Implats also jointly owns Mimosa mine together with Sibanye Gold. Profits attributable to shareholders of the company for the year to end June 2017 soared to $45.5m, translatinge metal prices as gross revenue per platinum ounce improved from$1638 in2016 to $1868 in2017”
- BUSINESS REPORT