This significant achievement is equivalent to 1 555 tonnes of platinum and estimated to be worth R750 billion at current metal prices.
Terence Goodlace, CEO, Implats said, “This is a tremendous milestone for the Group and has taken us 47 years to achieve. I would like to thank every employee, past and present, whose considerable efforts and contributions have maintained Implats as one of the world’s most significant platinum group metals producers.”
In 1970 Implats produced 117 446 platinum ounces. Within three years the group had produced more than half a million ounces. By 1988 total production reached the one million platinum ounce mark.
Goodlace concludes, “In 1997 we produced one million platinum ounces on an annualised basis for the first time. Following this, production grew rapidly and peaked at two million platinum ounces per annum in 2007. Cumulatively, Implats produced its 40 millionth platinum ounce in August 2009, 40 years after the first metal was produced.”
Over the long term, Implats intends to improve the profitability of its existing operations through targeted interventions aimed at improving mining efficiencies and increasing platinum production. Implats’ vision is to be the world’s best platinum producing company by delivering superior value to all its stakeholders.