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4-Traders Homepage  >  Equities  >  Johannesburg Stock Exchange  >  Impala Platinum Holdings Limited    IMPJ   ZAE000083648

IMPALA PLATINUM HOLDINGS LIMITED (IMPJ)
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Impala Platinum : Eight protesters injured at Glencore's South African smelter

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06/26/2018 | 02:35pm CEST
FILE PHOTO: The logo commodities trader Glencore is pictured in Baar

JOHANNESBURG (Reuters) - Glencore said on Tuesday that eight people were injured during a protest at its South African chrome smelting operations in the country's North West province.

Social and labour violence have often hurt South Africa's mining industry and threatened its profitability in a country with high levels of unemployment and inequality.

Glencore said a security company at its Wonderkop Smelter, fired rubber bullets to disperse the protesters, who were demanding employment, with eight sustaining minor injuries.

"Employees were pushed around and the protesters threatened to burn trucks entering and exiting the Smelter," Glencore said, adding that operations at the chrome smelter, which is near Rustenburg, are continuing.

The firm, which has operations in more than 50 countries including the Democratic Republic of Congo, India and Australia, said 75 percent of the smelter's employees are from local communities.

The collapse of a chrome project near Impala Platinum's Marula mine which was set up with a tribal council, has triggered a wave of protests by local residents who had hoped to benefit from its revenue flows, the latest such deal to come unstuck and fan local anger.

(Reporting by Tanisha Heiberg and Ed Stoddard, editing by Louise Heavens and Alexander Smith)

Stocks mentioned in the article
ChangeLast1st jan.
IMPALA PLATINUM HOLDINGS LIMITED 0.93% 18.49 End-of-day quote.-43.83%
PLATINUM 2.45% 826.5 Delayed Quote.-13.11%
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Financials (ZAR)
Sales 2018 37 935 M
EBIT 2018 0,28 M
Net income 2018 -348 M
Debt 2018 4 798 M
Yield 2018 -
P/E ratio 2018 18,48
P/E ratio 2019 34,52
EV / Sales 2018 0,55x
EV / Sales 2019 0,46x
Capitalization 15 947 M
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Impala Platinum Holdings L Technical Analysis Chart | IMPJ | ZAE000083648 | 4-Traders
Technical analysis trends IMPALA PLATINUM HOLDINGS L
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 13
Average target price 40,7  ZAR
Spread / Average Target 120%
EPS Revisions
Managers
NameTitle
Nicolaas Johannes Muller Chief Executive Officer & Executive Director
Mandla Sizwe Vulindlela Gantsho Independent Non-Executive Chairman
Babalwa Ngonyama Lead Independent Director
Alastair S. Macfarlane Independent Non-Executive Director
Peter W. Davey Independent Non-Executive Director
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