Implats to raise R4bn equity capital

Platinum mining major Impala Platinum (Implats) said on Thursday that it intended raising up to R4-billion through the sale of new Implats ordinary shares using an accelerated bookbuild process. The company, headed by CEO Terence Goodlace, said that shareholder approval would be sought in order to permit the company to issue ordinary Implats shares for cash on a non-pre-emptive basis.