The Company is registered in Guernsey and is listed on the Australian Stock Exchange (ASX) . It’s is in the business’s of producing Platinum Group Metals (PGM’s) and is a subsidiary of one of the worlds leading producers of PGM’s , the South African based, Implats, which contributes about 25% of global platinum output.
The company’s wholly owned operating subsidiary, Zimbabwe Platinum Mines (Private ) limited which has been in operation for eleven years , is a significant producer of PGM’s with ore bodies located on the Great Dyke in Zimbabwe. The company has a resources base of 222M oz.4E with approximately 50 years life of mine.
It has three underground mines with a fourth under development, and two concentrators and a smelter., all situated in the Mhondoro Ngezi and Selous rural areas approximately 100 kilometres south of Harare. The company has a workforce of 4000 people ( and a further 5000 contractors). Through its value chain 4.59 million tonnes of mined ore was converted during FY2012 to matte sales to Implats of 375 340 4E oz. (2011 :368282)
Platinum Group Metals are vital components in auto catalytic converters and play a significant role in reducing air pollution by limiting the discharge of carbon monoxide and other emissions in both gasoline and diesel engines.
PMG’s are recyclable thereby ensuring not only a reduction in waste but also sustainability of supply. Their excellent resistance to corrosion and high melting points makes them ideal metals for a variety of industrial uses . PGM’s are also used in fuel cell development. Fuel cells are able to reduce air pollution considerably whilst curtailing demand for fossil fuels.
Zimplats is a company incorporated in Guernsey, British Isles, registration number 34014. As such, the main laws controlling the corporate operations of the company are the laws of Guernsey.
Zimplats is registered as a foreign company in Australia, number ARBN 083 463 058, and is listed on the Australian Stock Exchange with the code ZIM.
Zimplats shares are freely transferable, subject to formal requirements and the registration of a transfer which does not result in a contravention of, or failure to observe, a provision of law.
Zimplats is not subject to Chapter 6 of the Australian Corporations Law dealing with the acquisition of shares, including substantial shareholdings and takeovers.
Zimplats is not subject to the City Code on Takeovers and Mergers and the Rules Governing Substantial Acquisitions of Shares (UK) (the "Code").
- [Editor:Phillip.Feng]
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