Consolidated interim
results (reviewed)

for the six months ended 31 December 2014

Our vision

Our vision is to be the world’s best platinum-producing company, delivering superior returns to stakeholders relative to our peers.

Our mission

To safely mine, process, refine, recycle and market our products at the best possible cost, ensuring sustainable value creation for all our stakeholders.

Our values

We respect

  • All our stakeholders, including:
    – Shareholders
    – Employees and their representative bodies
    – Communities within which we operate
    – Regulatory bodies
    – Suppliers and customers
    – Directors and management
    – All other interested and affected parties
  • The principles of the UN Global Compact
  • The laws of the countries in which we operate
  • Company policies and procedures
  • Our place and way of work
  • Open and honest communication
  • Diversity of all our stakeholders
  • Risk management and continuous improvement philosophies.

We care

  • For the health and safety of all our stakeholders
  • For the preservation of natural resources
  • For the environment within which we operate
  • For the socio-economic well-being of the communities in which we operate.

We strive to deliver

  • Positive returns to our stakeholders through an operational excellence model
  • A safe, productive and conducive working environment
  • On our capital projects
  • A fair working environment through equitable and competitive human capital practices
  • On the development of our employees
  • On our commitment to all stakeholders
  • Quality products that meet or exceed our customers’ expectations.

Key features


  • Zero fatalities in the second quarter
  • Lost-time injury frequency rate (LTIFR) improved by 11% in the first half of the 2015 financial year.

Operational performance

  • Operational performance and unit costs improving as Rustenburg ramps up. Achieved stated target of
    250 000 platinum ounces at Impala.


  • Above-ground platinum group metal (PGM) inventories continue to depress prices.


  • The PGM market remains in fundamental deficit driven by increased US, European and Chinese vehicle sales
  • World Platinum Investment Council (WPIC) launched.

Refined platinum ounces indicated above have been rounded for illustrative purposes.
*Ex-Impala Refining Services (IRS)

Impala Platinum Holdings Limited
(Incorporated in the Republic of South Africa)
Registration No 1957/001979/06
JSE share code: IMP
ISIN: ZAE000083648
(“Implats” or “the Company” or “the Group”)

Registered Office
2 Fricker Road, Illovo, 2196
(Private Bag X18, Northlands, 2116)

Transfer Secretaries
South Africa: Computershare Investor Services Proprietary Limited
70 Marshall Street, Johannesburg, 2001
(PO Box 61051, Marshalltown, 2107)

United Kingdom: Computershare Investor Services plc
The Pavilions, Bridgwater Road, Bristol, BS13 8AE


Deutsche Securities SA Proprietary Limited

KDK Mokhele (chairman), TP Goodlace (chief executive officer), B Berlin (chief financial officer), HC Cameron, PW Davey*, MSV Gantsho, A Kekana, AS Macfarlane*, AA Maule, TV Mokgatlha, BT Nagle, B Ngonyama, NDB Orleyn

Mr TV Mokgatlha has resigned as a non-executive director with effect from 22 October 2014.