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Reuters Africa reported Impala Platinum’s (JSE:IMP) Zimbabwe unit saw a 68% profit drop in quarterly profit.
Reuters Africa reported Impala Platinum’s (JSE:IMP) Zimbabwe unit saw a 68% profit drop in quarterly profit.
As quoted in the market news:
Southern Africa’s platinum miners have been squeezed by the drop in the price of the metal after the 2008 financial crisis. Unlike gold, platinum – which is used in automobile exhausts – is normally not seen as a safe-haven asset.