Implats earnings down 58%, no dividend

Platinum mining major Implala Platinum (Implats) on Thursday reported 58% lower earnings a share for the 12 months to June 30 as well as an operational response plan premised on a lower-for-longer platinum price environment. The company, headed by CEO Terence Goodlace, reported that its performance for the 2015 financial year was impacted by the ramp-up of its Rustenburg operations following last year’s five-month platinum strike.