Platinum Group Metals Ltd is studying a staged development of the Waterberg JV in Limpopo, with a feasibility study due by November. Implats, which holds just under 15%, says the new thinking is more appealing.
Impala Platinum lifted headline earnings to R22.9bn in FY2026 from R732m a year earlier as higher precious and base metal prices flowed through, and declared total dividends of 1,855c a share.
Impala Platinum reported on 3 September 2026 that annual net income surged more than 40 times to R31bn as platinum prices rallied, allowing the group to raise its total dividend more than elevenfold to R17.1bn.
The Department of Mineral and Petroleum Resources says 33 miners had died in South African mines by late July 2026, with Impala Platinum's Rustenburg operation accounting for more than a third of the toll.
Impala Platinum suspended its entire Rustenburg operation for a safety reset from 24 to 28 July 2026 after two fatal locomotive accidents in less than three weeks.
Zimplats has spent $34m so far on a 45MW Phase 2A solar plant, on track for completion in the first half of its 2027 financial year, doubling its installed solar capacity to 80MW.
Implats reported steady March-quarter output that kept it on track for full-year PGM production guidance of 3.4 million to 3.6 million ounces, with sales volumes up 9%.
Implats confirmed it is evaluating three potential Zimbabwean growth projects, the Hartley Complex, Darwendale and Karo Platinum, alongside its existing Zimplats and Mimosa operations.
Zimplats reported after-tax profit of $143.7m for the six months to December 2025, a 3,376% jump, as 6E production rose 13% and average metal prices increased 66%.
Impala Platinum's headline earnings rose 402% in its December half, prompting an interim dividend of R3.7bn that ran to 60% of adjusted free cash flow, double the group's normal payout policy.
Implats is exploring a combined structure for its Eastern Limb platinum mines, arguing that assets north of the Dwarsrivier Fault have rarely been economically attractive on their own.
