Annual Integrated Report for the year ended 30 June 2024
Annual Integrated Report for the year ended 30 June 2024
Implats’ purpose is to create a better future. We aspire to deliver value through excellence and execution, and through our commitment to sustainability and long-term value creation.
We are committed to gender equality across our entire employee experience
Implats’ purpose is to create a better future – through the green metals it produces, the way it conducts business and shares value, and delivering performance excellence across all spheres of its business.
Our strategy is centred on six focus areas where targeted actions and aspirations serve to achieve our purpose. We prioritise value over volume in a zero harm environment to deliver sustainable outcomes for all stakeholders.
| Our purpose | To create a better future |
| Our vision | To be the most valued and responsible metals producer, creating a better future for our stakeholders |
| Our values |
RESPECT
|
Implats is a leading producer of platinum group metals (PGMs), structured around seven mining operations, refining and processing facilities, and a refining business, Impala Refining Services. The Group’s mining operations span the Bushveld Complex in South Africa, the Great Dyke in Zimbabwe and the Canadian Shield.
Implats can be proud of its status as a leading, integrated and responsible PGM producer
Contributing approximately 20% to global primary PGM production annually, our 66 249 people (employees and contractors at controlled operations) form the cornerstone of our business. Guided by our core values – respect, care and deliver – we cultivate a culture rooted in teamwork and accountability.
Implats holds total attributable PGM resources of 316.5 million ounces. Our products are exported to many sectors in diverse markets, including Japan, China, the US and Europe, where they are integral to industrial, medical and electronic applications, supporting a cleaner, greener world.
Implats’ primary listing is on the JSE in South Africa, and it has a secondary listing on South Africa’s A2X and maintains a level one American Depositary Receipt programme in the US.
At 30 June 2024, our major shareholders included the Public Investment Corporation (PIC) (14.22%), Fidelity Management and Research Company (9.42%) and Lingotto Investment Management, LLP (5.7%), with the remainder of the stock held by various public and non-public shareholders (refer to page 18 of the Group consolidated annual financial statements).
| SOUTH AFRICA | ||||
| Refined 6E production | Life-of-mine | Current average mining depth | Employees | |
|---|---|---|---|---|
| Impala | 1.21Moz | 10 years | 870m | 41 529 |
| Refined 6E production | Mine-to-markets receipts | Third-party receipts | Employees | |
| Impala Refining Services (IRS) | 1.49Moz | 1.41Moz | 190.8koz | – |
| 6E in concentrate | Life-of-mine | Current average mining depth | Employees | |
| Marula | 223.3koz | 24 years | 485m | 4 834 |
| 6E in concentrate | Life-of-mine | Current average mining depth | Employees | |
| Impala Bafokeng | 482.6koz | 26 years | 500m | 10 295 |
| 6E in concentrate | Life-of-mine | Current average mining depth | Employees | |
| Two Rivers1 | 291.9koz | 17 years | 750m | 6 005 |
1 Non-managed. |
||||
| ZIMBABWE | ||||
| 6E in matte | Life-of-mine | Current average mining depth | Employees | |
|---|---|---|---|---|
| Zimplats | 645.9koz | 43 years | 240m | 8 857 |
| 6E in concentrate | Life-of-mine | Current average mining depth | Employees | |
| Mimosa1 | 255.4koz | Nine years | 180m | 3 549 |
1 Non-managed. |
||||
| CANADA | ||||
| 6E in concentrate | Life-of-mine | Current average mining depth | Employees | |
|---|---|---|---|---|
| Impala Canada | 280.6koz | Three years | 1 080m | 734 |
35MW solar photovoltaic (PV) installation at Zimplats
Our ESG framework captures our sustainable development aspirations in pursuit of our purpose – to create a better future. The long-term goals, which guide our increasing contributions to the attainment of the UN SDGs, and our commitments to the UNGCs are supported by our core activities to limit our environmental impacts, sustain livelihoods and constructive relationships beyond mining, and ensure ethical, transparent and accountable conduct.
Our approach to ESG is underpinned by a well-defined process for identifying and evaluating the risks and opportunities most material to the business. This structured and systematic approach to managing our most significant social, economic and environmental impacts helps us address the material interests of our stakeholders.
