Trading statement for the six months ended 31 December 2014
IMPALA PLATINUM HOLDINGS LIMITED
(Incorporated in the Republic of South Africa)
(Registration number 1957/001979/06)
JSE Share code: IMP
ADR code: IMPUY
JSE Bond Code: IMPCB
(“Implats” or “the Group”)
TRADING STATEMENT FOR THE SIX MONTHS ENDED 31 DECEMBER 2014
Further to the announcement on 9 December 2014, shareholders are advised that Implats’ headline
earnings per share (HEPS) for the half year ended 31 December 2014 is expected to be between 53 and
77 cents which is between 45% and 63% lower than that of the half year ended 31 December 2013 (HEPS of
After the impairment of property, plant and equipment as a result of the partial collapse of the Bimha
operation at Zimplats, basic earnings per share (EPS) are expected to be between 33 and 48 cents which is
between 77% and 67% lower than the previous comparable period, being the half year ended
31 December 2013 (EPS of 145 cents).
The decrease in the HEPS and EPS is primarily due to lower production from Impala Rustenburg, impacted
by the ramp-up of operations to reach full capacity following the five-month strike compared to an
uninterrupted first half of the previous financial year. The Group’s production was further impacted by
industrial action and safety stoppages at Marula and the precautionary safety closure of the whole of the
Bimha operation. During November 2014, Impala Rustenburg reached pre-strike production levels and
Zimplats has now actioned a recovery plan that mitigates the impact of the partial collapse at the Bimha
operation. This recovery plan includes the mining and processing of supplementary open pit ore while the
Bimha mine is re-opened and re-developed.
The financial information on which this trading statement is based has not been reviewed and reported on
by the external auditors of Implats. The Group’s reviewed interim financial results for the period ended
31 December 2014 will be released on 26 February 2015.
T: +27 (0) 11 731 9013/43
M: +27 (0) 82 809 0166
T: +27 (0) 11 731 9033/43
M: +27 (0) 82 498 3608
16 February 2015
Sponsor to Implats
Deutsche Securities (SA) Proprietary Limited
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