Category: Mining & Engineering Published Date
JOHANNESBURG, (CAJ News) – IMPALA Platinum Holdings, the South African-based miner, announced an increase in the production of the mineral during the nine months ending March 2013.
Gross group refined platinum production rose by 12 percent to 1.21 million ounces of platinum for the period compared to the corresponding period a year ago.
This was due to increased throughput at IRS as a result of more toll treatment business. Both palladium and rhodium were similarly affected.
Group unit costs per platinum ounce produced increased by 23 percent to R15 957 for the nine months to the end of March 2013 compared with the corresponding period a year ago.
The company stated the bulk of the increase was due to inflation with the balance due to lower costs incurred during last year’s illegal strike without a corresponding increase in volumes this year.
Meanwhile, implants reminded shareholders of a meeting to be held next Monday for the granting and approval of a specific authority for Implats directors to allot and issue up to a maximum of 30 million ordinary shares for the purpose of the conversion of the Convertible Bonds which were placed in February.
Last Updated on Friday, 03 May 2013 04:59
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