Impala Platinum Spon Stock News

South Africas Impala Platinum (Implats) (IMPJ.J) said on Monday it was planning to make an offer to buy smaller platinum group metals producer Royal Bafokeng (RBPJ.J) for 150 rand per share in a cash-and-stock deal. In a separate statement, Royal Bafokeng said that at this stage its independent board does not express any view or recommendation on the The post Implats to acquire Royal Bafokeng Platinum first appeared on Mining Zimbabwe .

Three bodies were recovered at the Rustenburg mine a during search and rescue operation on Monday night. Two other miners were rescued.

Impala Platinum spokesperson Johan Theron said that over the next few days, experts would give a detailed report on what led to the tragedy.

IMPALA Platinum Holdings (Implats) yesterday made Royal Bafokeng Platinum (RBPlat) shareholders a staggering R43 billion offer to buy out a majority stake in the company as the bidding war with rival Northam Platinum heats up. RBPlats soared by more than 16 percent on the JSE while Implats was 6 percent stronger after the transaction was announced. Implats said on a 100 percent basis the total transaction value was R43bn, however, on a 65 percent basis, which would exclude the shares held by Northam, the transaction value is in the region of R28bn. Implats last week bought 24.5 percent of RBPlat shares constituting more than 70 million shares from institutional shareholders including Abax Investments, Allan Gray, Coronation Asset Management, M&G Investment Management and Niney One SA. The overwhelming response and support of these shareholders is particularly validating of our confidence in the value proposition this offer provides for both RBPlat and Implats shareholders, chief executive Nico Muller said.

Impala Platinum Holdings Ltd. revived its pursuit of Royal Bafokeng Platinum Ltd., seeking control of the smaller South African miner in an escalating battle with Northam Platinum Holdings Ltd.

The most likely scenario is that Northam will hold on to its stake and jointly run RBPlat

The Money Shows Bruce Whitfield interviews Impala Platinum spokesperson John Theron.

Impala Platinum Holdings Limited (OTCMKTS:IMPUY) was the target of a large drop in short interest during the month of October. As of October 29th, there was short interest totalling 45,400 shares, a drop of 17.9% from the October 14th total of 55,300 shares. Based on an average daily trading volume, of 277,400 shares, the days-to-cover []

Impala Platinum Holdings Limited (OTCMKTS:IMPUY) saw a large decline in short interest in October. As of October 29th, there was short interest totalling 45,400 shares, a decline of 17.9% from the October 14th total of 55,300 shares. Based on an average trading volume of 277,400 shares, the days-to-cover ratio is currently 0.2 days. Impala Platinum []

Tawanda Karombo Harare MINING companies in Zimbabwe, including units of Impala Platinum and Anglo Platinum, are expecting no new external capitalisation as the industry battles power outages amid uncertainties with foreign currency. Zimbabwe holds the worlds second-largest reserves of platinum and chrome, while large deposits of lithium, diamond, coal and gold have attracted some investors. However, mining executives are expecting no new investment in operations. Mining executives are pessimistic about the prospects to raise adequate external capital citing uncompetitiveness, notes the 2021 mining sector survey of mining chief executives and other managers. Most mining executives whose companies are planning to expand production plan to use their retained foreign currency or forex profits to expand. The retained foreign currency is just about inadequate for operational requirements, say mining executives, because the central bank allows gold and platinum producers to retain only 60 percent of their earnings in foreign currency.

Morgan Stanley upgraded shares of Impala Platinum (OTCMKTS:IMPUY) from an equal weight rating to an overweight rating in a report released on Wednesday, The Fly reports. Separately, Zacks Investment Research downgraded Impala Platinum from a hold rating to a strong sell rating in a research report on Friday, September 24th. Shares of IMPUY stock opened []

Australian Stock Exchange-listed platinum group of metals (PGM) producer Zimplats this year recruited 47 women, according to Implats Social and Governance (ESG) report for 2021. Anerudo Mapuranga According to Implats, gender diversity and gender mainstreaming have been a focus for the company over the past few years and for the industry through the Minerals Council The post Zimplats recruited 47 women in 2021 appeared first on Mining Zimbabwe .

Improved performance and pricing windfall a boon for stakeholders