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
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.
Johan Theron Alice Lourens
E-mail: firstname.lastname@example.org E-mail: email@example.com
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
Sponsor to Implats
Deutsche Securities (SA) Proprietary Limited
Date: 06/06/2018 09:03:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE').
The JSE does not, whether expressly, tacitly or implicitly, represent, warrant or in any way guarantee the truth, accuracy or completeness of
the information published on SENS. The JSE, their officers, employees and agents accept no liability for (or in respect of) any direct,
indirect, incidental or consequential loss or damage of any kind or nature, howsoever arising, from the use of SENS or the use of, or reliance on,
information disseminated through SENS.
Email this JSE Sens Item to a Friend.