IMP - Implats - Third quarter production report fo17 May 2010
IMP - Implats - Third quarter production report for the period 01 January to 31 
March 2010                                                                      
Impala Platinum Holdings Limited                                                
(Incorporated in the Republic of South Africa)                                  
(Registration No. 1957/001979/06)                                               
ISIN: ZAE000083648                                                              
JSE Share Code : IMP                                                            
LSE Share Code : IPLA                                                           
ADR Code : IMPUY                                                                
Unaudited   Unaudited    Unaudited    Unaudited         
Operational              Quarter     Quarter      Nine months  Nine months      
information              ended       ended        to           to               
                        31 March 10 31 March 09  31 March 10  31 March 09       
Implats Gross                                                                   
Platinum       000oz     368         385          1,263        1,263            
Palladium      000oz     283         224          864          698              
Rhodium        000oz     59          58           185          186              
Nickel         000tonne  3.43        3.44         10.90        10.69            
Tonnes Milled  000       3,217       3,390        10,032       11,524           
Grade (6E)     g/t       4.67        4.63         4.61         4.57             
% Merensky               40%         46%          40%          46%              
Refined        000oz     220         153          653          669              
Tonnes Milled  000       333         394          1,149        1,175            
Grade (6E)     g/t       4.35        4.30         4.38         4.25             
Platinum in    000oz     14          19           52           55               
Tonnes Milled  000       1,053       543          3,021        1,625            
Grade (6E)     g/t       3.58        3.57         3.53         3.49             
Platinum in    000oz     46          25           128          72               
Tonnes Milled  000       557         548          1,709        1,563            
Grade (6E)     g/t       3.87        3.85         3.86         3.88             
Platinum in    000oz     25          24           76           68               
Refined        000oz     148         232          610          594              
Platinum       $/oz      1,520       955          1,365        1,249            
Palladium      $/oz      410         189          336          277              
Rhodium        $/oz      2,486       1,117        1,982        4,517            
Nickel         $/tonne   18,541      10,432       16,863       14,778           
Average        R/$       7.51        9.99         7.63         8.62             
exchange rate                                                                   
There were no fatal injuries during the quarter under review.  Impala Springs   
and 5 Shaft in Rustenburg both achieved twelve consecutive months without       
incurring a lost time injury whilst Zimplats and Mimosa continued to deliver    
remarkable performances with Lost Time Injury Frequency Rates (LTIFR) of less   
than 1 per million man hours worked.                                            
In spite of these achievements group safety performance as measured by the LTIFR
has deteriorated from that reported in August 2009.  We continue to focus on    
instilling a safety culture within the organisation.  To this end we have       
engaged the services of Du Pont in the development of a safety management and   
culture programme to achieve our vision of zero harm.                           
Gross refined platinum production for the 9 months to the end of March 2010     
remained unchanged compared to the same period a year ago despite the impact of 
industrial action and the 14 Shaft incident at the beginning of the current     
financial year.  Quarter-on-quarter platinum production decreased by 4% to 368  
000 ounces due to pipeline movements as reflected in Impala and IRS figures.    
Palladium production rose 26% on the back of the ramp-up of the Phase 1         
expansion at Zimplats, additional deliveries of palladium-richer autocatalysts  
and the continued destocking of material from the refinery.                     
At Impala Rustenburg tonnes milled declined by 5% to 3.2 million due to the     
change in the mechanised Merensky mining layout.  Refined platinum production   
rose 44% to 220 000 ounces largely as a result of a lock-up of material in the  
previous comparable period caused by the commissioning of the gas cleaning plant
in the smelter.  Despite the change to a more UG2 dominant ore mix, head grade, 
recovery and yield have all shown improvement.  The focus at the operation      
remains on on-reef development at the current shafts and main development at the
project shafts.  Mining flexibility will be restored by accessing new half-     
levels, particularly in Merensky areas.                                         
Tonnage at Marula fell by 15% period on period.  However, platinum in           
concentrate production declined by 22% to 14 000 ounces due to pipeline         
movements.  Constrained mining flexibility continues to hamper the ramp-up to   
conventional mining.                                                            
Production at Zimplats increased in line with the ramp-up of the Phase 1        
expansion project. Whilst mill tonnage increased by 93%, platinum in matte,     
production only increased by 85% due to a combination of lower recoveries at the
new Ngezi plant, lower platinum grade and inventory movement.                   
Zimplats has made the decision, based on existing agreements with the Government
of Zimbabwe and despite the fact that discussions are still on-going on certain 
key issues, to move ahead with the Phase 2 expansion project.  The estimated    
cost of this project is US$500 million and will be funded by a combination of   
internally generated cash resources and a bank loan.  The funding arrangements  
have not yet been finalised and government project approvals are still          
Mimosa has achieved steady-state capacity of 100 000 ounces of platinum in      
concentrate per annum.  Consequently tonnes milled rose only marginally to 557  
000 whilst platinum in concentrate production increased by 6% to 25 000 ounces  
period on period.                                                               
IRS` refined platinum production declined by 36% quarter-on-quarter.  Deliveries
from Zimplats, Blue Ridge and Smokey Hills increased as these operations ramp-up
Enquiries should be directed to:                                                
Bob Gilmour (Group Executive Corporate Relations)                               
+27 11 731 9013/12                                                              
+27 82 453 7100                                                                                                               
17 May 2010                                                                     
Sponsor to Implats:                                                             
Deutsche Securities (SA) (Proprietary) Limited                                  
Date: 17/05/2010 15:30:00 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.