Impala Platinum Reports 37% Loss In Profit

Mining Weekly reported Impala Platinum (JSE:IMP) on Thursday reported a 37% fall in profit during the year ended June 2012, as lower production and a weakening macroeconomic environment weighed on the group.

As quoted in the market news:

A six-week strike in February at the group’s Rustenburg operations cost the company 150 000 oz of platinum, 77 000 oz of palladium, 19 000 oz of rhodium and 900 t of nickel production.

Click here to read the full Mining Weekly report.