To be the worlds’ best PGM producer, sustainably delivering superior value to all our stakeholders.
We respect, care and deliver.
To mine, process, refine and market high-quality PGM products safely, efficiently and at the best possible cost from a competitive asset portfolio through team work and innovation.
Key features for the year
- Significant improvement in safety performance
- Record low FIFR for the Group
- FIFR lowest among our peers in CY2018
- Strong positive cash flows across the Group – net debt reduced from R3.8bn to R976m
- Gross profit of R3.2bn from R556m
- Headline earnings of 310cps from a loss of 21cps
- Group liquidity headroom improves by R4.2bn to R10.4bn
- Mine-to-market platinum in concentrate production sustained at 678koz
- Gross refined PGM production up 11% to 1.59Moz including refined platinum production of 800koz and palladium of 464koz
- Group cash costs adjusted for stock changes flat at R22 715/Pt oz
- The market for palladium and rhodium continues to tighten
- The platinum market remains challenged in the near term
- PGM dollar revenue per platinum ounce sold up 10% to US$2 124/Pt oz
- Rand revenue per platinum ounce sold was 16% higher and averaged R30 118/Pt oz
The Implats Group has delivered a strong safety and operational performance for the half-year ended 31 December 2018. Good progress was made on implementing key outcomes of the Impala Rustenburg strategic review. The performance, together with a higher PGM rand basket price, which was boosted by significant increases in palladium, rhodium and nickel, and further aided by a weaker US$ exchange rate, resulted in a significantly improved Group financial performance.
- Approval of the financial statements
- Independent auditor's review report on interim financial statements
- Consolidated statement of financial position
- Consolidated statement of profit or loss and other comprehensive income
- Consolidated statement of changes in equity
- Consolidated statement of cash flows
- Notes to the financial information