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Implats Royalty Bill Submission: Enhancing Mining and Refining of Platinum Group Metals

This document outlines the Implats submission to the Portfolio Committee on Finance regarding the Royalty Bill. Implats is a leader in mining, refining, and marketing platinum group metals and base metals, with operations situated in the prime deposits of the Bushveld Complex in South Africa and the Great Dyke in Zimbabwe. Key statistics include strategic interests in Aquarius Platinum and detailed information on ownership structure. The emphasis on the readily saleable condition of PGMs is critical, affecting junior companies engaged in the industry.

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Implats Royalty Bill Submission: Enhancing Mining and Refining of Platinum Group Metals

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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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