Impala Platinum

Impala Platinum Holdings Limited, often known as Implats, is a holding company based in South Africa that owns a number of businesses that engage in the mining, refining, and marketing business of platinum group metals, including platinum, palladium, rhodium, osmium, ruthenium, and iridium, as well as nickel, copper, and cobalt. The group is considered one of the most efficient and cost-effective primary producers of platinum in the world.

Impala Platinum was established in 1966 as a division of Union Corporation, which built a platinum mine near Rustenburg with an initial annual production capacity of 100,000 oz. Since its founding, Impala Platinum has always benefited from financial assistance from the British bank Hambros and technological guidance from the Canadian corporation Inco. As a result, both of these businesses, along with South Africa's state-owned Industrial Development Corporation, each hold a 10% stake in the company.

In 1968, Impala Platinum agreed to sign an exploration agreement with the Bafokeng tribe, now the Royal Bafokeng State and received a lease of 12,000 hectares of land to begin platinum mining in July 1969.

Impala Platinum divides its operating structure into four main directions including managed mining operations to market, managed mining projects, unregulated mining-to-market operations, and Impala Refining Service (IRS).

The company's most important mine is the Impala mine in the North West province of South Africa. In addition, Impala Platinum owns or has a stake in the Bushveld Flint Complex's Two Rivers and Marula mines in South Africa, as well as the Mimosa and Zimplats mines in Zimbabwe. These activities provide the group with a wealth of mineral resources with reserves of approximately 237 million ounces of platinum.

Industry: Platinum
Founded: 1966
Headquarters: Johannesburg, South Africa

Website: https://www.implats.co.za/