IMPALA PLATINUM HOLDINGS LIMITED - Zimplats mining lease area and security of tenure - update

Release Date: 06/06/2018 09:03
Code(s): IMP
 
Wrap Text
Zimplats’ mining lease area and security of tenure - update

IMPALA PLATINUM HOLDINGS LIMITED 
(Incorporated in the Republic of South Africa) 
(Registration number 1957/001979/06) 
JSE Share code: IMP  
ISIN: ZAE000083648 
ADR code: IMPUY 
(“Implats” or the “Company”) 

ZIMPLATS’ MINING LEASE AREA AND SECURITY OF TENURE - UPDATE
 
Implats has regularly kept the market informed of developments with regard to the Government of 
Zimbabwe’s (“Government”) intention to compulsorily acquire land measuring 27 948 hectares within 
its subsidiary Zimplats’ special mining lease area.   
 
Implats is pleased to advise that Zimplats has agreed to release to the Government land measuring 
23  903 hectares within Zimplats’ mining lease area in support of the Government’s efforts to enable 
participation by other investors in the platinum mining industry in Zimbabwe. Following this release 
of ground, Zimplats now holds two separate and non-contiguous pieces of land measuring in 
aggregate 24 632 hectares. Consequently, the operating subsidiary applied for and was granted with 
effect from 31 May 2018, two separate mining leases over the two pieces of land measuring 6 605 
hectares and 18 027 hectares, respectively. The smaller area hosts the historical Hartley mining area 
and Selous Metallurgical Complex, while the other hosts the Ngezi mining operations, including the 
future portal 10 mining area. These mining leases replace the special mining lease held by Zimplats, 
which was due for renewal in August 2019.  
 
The two mining leases issued to Zimplats’ operating subsidiary are valid for the life of mine of Zimplats’ 
mining operations and secure the operating subsidiary’s mining tenure.  
 
Queries: 
Johan Theron                                          Alice Lourens 
E-mail: johan.theron@implats.co.za                    E-mail: alice.lourens@implats.co.za 
T:  +27 (0) 11 731 9013/43                            T:  +27 (0) 11 731 9033/43 
M: +27 (0) 82 809 0166                                M: +27 (0) 82 498 3608 
 
 
6 June 2018 
Johannesburg 
 
Sponsor to Implats 
Deutsche Securities (SA) Proprietary Limited 




                                                      

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