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Introducing Implats

19 March 2008 3 rd Draft Royalty bill Submission to the Portfolio Committee on Finance. Introducing Implats. Implats is in the business of mining, refining and marketing platinum group metals and associated base metals.

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Introducing Implats

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  1. 19 March 2008 3rd Draft Royalty billSubmission to the Portfolio Committee on Finance

  2. Introducing Implats Implats is in the business of mining, refining and marketing platinum group metals and associated base metals

  3. Key statistics • Operations are located on two prime deposits • The Bushveld Complex in South Africa • The Great Dyke in Zimbabwe • Impala Refining Services – toll-refining and third party processing • Strategic interest in Aquarius Platinum

  4. Other Shareholders 84% ESOP Morokotso Trust 2.6% RBN 13.4% Implats Mine-to-market operations IRS 100% Investments Impala 100% Marula 73% Marula 77.5% Aquarius 8.6% Leeuwkop 74% Leeuwkop 74% Offtake agreements AQPSA 20% Two Rivers 45% Zimplats 86.9% Toll refining Mimosa 50% Group structure

  5. Introduction

  6. Capital expenditure - South African operations Rm

  7. Proposal

  8. Readily saleable condition • Readily saleable condition for pgm’s is in the form of concentrate produced • Emphasise the Chamber’s comments on readily saleable condition • Could impact junior companies if the saleable condition is defined at a point beyond pgm concentrates

  9. Conclusion

  10. Thank you

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