Implats reports headline loss, sees low prices as ‘new normal’

Platinum mining company Implats, which reported an impairment-impacted 137 cents per share headline loss in the 12 months to June 30, sees the lower-for-even-longer metal price environment as 'the new normal'. In presenting results for its financial year to June 30, the JSE-listed company reported disappointing production at the Impala Rustenburg and Marula mines, which were both below target.