By: Matt Rego
Impala Platinum Holdings Ltd. (OTCQX: IMPUY) is up over 5% in early trading on June 8, 2016, backed by heavy volume. The platinum miner and refiner has seen average daily volume of around 39,453 over the past month. However, the rally this morning has been backed by 131,280 shares or $446,843 in dollar volume.
While there is no company-specific news out that is driving the move in Impala Platinum Holdings Ltd. (OTCQX: IMPUY), metal commodities are rallying and are supporting mining companies. Silver is the best performing commodity in the early trading hours, up nearly 4%. Platinum is up 1.68%, gold is rallying 1.28%, and palladium is seeing a 2.46% boost.
Implats is one of the world’s foremost producers of platinum and associated platinum group metals (PGMs).
The group produces approximately a quarter of the world’s supply of primary platinum.
Implats is structured around five main operations. Our operations are located on the Bushveld Complex in South Africa and the Great Dyke in Zimbabwe, the two most significant PGM-bearing ore bodies in the world.
Impala Platinum Holdings Limited (Implats) has its listing on the JSE Limited (JSE) in South Africa, and a level 1 American Depositary Receipt programme in the United States of America.
Their headquarters are in Johannesburg and the five main operations are Impala, Zimplats, Marula, Mimosa and Two Rivers. The structure of IMPUY’s operating framework allows for each of our operations to establish and maintain close relationships with their stakeholders while operating within a Group-wide approach to managing the economic, social and environmental aspects of sustainability.
Implats has six operating units: Impala, Zimplats, Marula, Mimosa, Two Rivers and Impala Refining Services.
- Managed mine-to-marketoperations comprising Impala, Marula and Zimplats where the group has direct control over the entire value chain.
- Non-managed mine-to-marketoperations where the group has an interest in the full value chain, but where the operation is not managed. This applies only to Two Rivers and Mimosa.
- Impala Refining Services, which leverages Impala’s smelting and refining assets to process concentrate and matte for group operations as well as third parties.