IMPALA PLATINUM HOLDINGS LIMITED - SUSPENSION OF M24 Nov 2003
IMPALA PLATINUM HOLDINGS LIMITED - SUSPENSION OF MINING OPERATIONS AT CROCODILE 
RIVER MINE                                                                      
IMPALA PLATINUM HOLDINGS LIMITED                                                
(Incorporated in the Republic of South Africa)                                  
(Registration number 1957/001979/06)                                            
Share code: IMP/IMPO                                                            
LSE: IPLA                                                                       
ADR"s: IMPUY                                                                    
ISIN: ZAE000003554                                                              
("Implats")                                                                     
Suspension of mining operations at Crocodile River mine                         
Implats has advised today, 24 November 2003 that the Board of Barplats          
Investments Limited (Barplats) has resolved to suspend current mining operations
at the Crocodile River mine. Implats has an 83% shareholding in Barplats. The   
mine will be placed on a care-and-maintenance basis as soon as possible whilst  
alternative options are being evaluated. Crocodile River mine is a wholly-owned 
operation of Barplats.                                                          
This announcement follows the notice given both in the Implats and Barplats     
annual reports issued in August 2003 that the mine has continued to incur       
substantial losses and that the various options to bring the mine back to       
profitability had previously proved to be unsuccessful. This situation has been 
exacerbated by the continued strengthening of the Rand against the US Dollar,   
which has had a significant impact on the profitability and viability of the    
Barplats business.                                                              
Implats had hoped to conclude a sale of its interest in Barplats by this time.  
Although various offers have been received and discussions with a number of     
parties are continuing, no satisfactory financial conclusion has yet been       
reached.                                                                        
In order to minimize further losses, the Barplats board has decided to suspend  
current mining operations. At the same time trial mining will continue at       
Zandfontein and supplementary ore resources will be pursued to maintain         
throughput at the mine"s processing operation.                                  
Barplats has been reliant on a R200 million facility from Implats to fund       
operations, of which R140 million has been used to date. It is estimated that   
the nett cost of care-and maintenance will amount to some R0.5 million per month
and the Implats loan will be extended to cover this for the foreseeable future. 
Shareholders will be advised of further developments in due course.             
Johannesburg                                                                    
24 November 2003                                                                
Sponsor                                                                         
Deutsche Securities                                                             
Member of the Deutsche Bank Group                                               
Deutsche Securities (SA) (Proprietary) Limited                                  
(Registration number 1995/011798/07)                                            
Date: 24/11/2003 08:01:04 AM Supplied by www.sharenet.co.za                     
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