Zimbabwe Impala Platinum Sees 68% Drop in 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.

Click here to read the full Reuters Africa report.