{"id":10356,"date":"2012-04-30T20:29:13","date_gmt":"2012-04-30T18:29:13","guid":{"rendered":"http:\/\/www.myza.co.za\/04\/zimplats-q3-profit-soars-on-higher-platinum-prices\/"},"modified":"2012-04-30T20:29:13","modified_gmt":"2012-04-30T18:29:13","slug":"zimplats-q3-profit-soars-on-higher-platinum-prices","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/zimplats-q3-profit-soars-on-higher-platinum-prices\/","title":{"rendered":"Zimplats Q3 profit soars on higher platinum prices"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p><span class=\"articleLocation\">HARARE, April 30<\/span> (Reuters) &#8211; Impala Platinum&#8217;s<br \/>\nZimbabwe unit Zimplats reported a 170 percent jump in<br \/>\nthird-quarter profit on Monday, buoyed by higher platinum<br \/>\nprices.<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>Zimplats said January to March operating profit rose to $52<br \/>\nmillion from $19 million the previous quarter. Revenue, at $128<br \/>\nmillion, was 32 percent higher than the last quarter.<\/p>\n<p><span><\/span><\/p>\n<p>The company said production dropped by two percent to 90,557<br \/>\nounces after an illegal strike by some workers and electricity<br \/>\ncuts, which affected operations at the mine&#8217;s platinum matte<br \/>\nfurnace.<\/p>\n<p><span><\/span><\/p>\n<p>A planned maintenance shutdown reduced ore milled by 4<br \/>\npercent to 1.1 million tonnes.<\/p>\n<p><span><\/span><\/p>\n<p>Implats, which owns 87 percent of Zimplats, said in March it<br \/>\nhad agreed to a deal that would see it comply with Zimbabwe&#8217;s<br \/>\nrequirement that 51 percent of shares in Zimplats be held by<br \/>\nlocals.\t<\/p>\n<p> (Reporting by MacDonald Dzirutwe, Editing by David Cowell)<\/p>\n<p><span><\/span><\/p>\n<p class=\"copyright\">\n<p>         \t\t\u00a9 Thomson Reuters 2012 All rights reserved<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HARARE, April 30 (Reuters) &#8211; Impala Platinum&#8217;s Zimbabwe unit Zimplats reported a 170 percent jump in third-quarter profit on Monday, buoyed by higher platinum prices. Zimplats said January to March operating profit rose to $52 million from $19 million the previous quarter. Revenue, at $128 million, was 32 percent higher than the last quarter. The [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-10356","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10356","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=10356"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/10356\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=10356"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=10356"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=10356"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}