Impala Platinum produced 9% less PGM in HY22
Impala Platinum, world’s leading producer of platinum group metals (PGM), has reported that for the half-year ended 31 December 2022 (HY22), its 6E PGM in concentrate production unchanged y-o-y and amounted to 1.62 million ounces.
However, the company’s refined 6E PGM production, which includes saleable ounces from Impala Canada, was impacted by scheduled processing maintenance and ongoing power disruptions in South Africa and declined 9% y-o-y to 1.48 million ounces in HY22.
“Implats benefitted from the geographical diversification of its production portfolio and initial contributions from a suite of expansion projects in execution across the asset base during the period, despite the challenging global macro-economic and operating environment,” the company said in a press release.
Implats added that the Group sustained operating momentum and the impact on mined volumes from escalating load curtailment in South Africa was limited.
Implats is a leading producer of platinum group metals. The group is structured around six mining operations and Impala Refining Services, a toll refining business.
The company’s operations are located on the Bushveld Complex in South Africa, the Great Dyke in Zimbabwe – the two most significant PGM-bearing ore bodies in the world – and the Canadian Shield, a prominent layered igneous domain.
