×
198
Fashion Jobs
KITEX GARMENTS LIMITED
General Manager - Merchandiser
Permanent · ALUVA
ZODIAC CLOTHING CO LTD
Sourcing Officer (Fabric & Garment)
Permanent · MUMBAI
LIFESTYLE BRANDS
Head of Marketing, Louis Philippe - Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Online Sales &Amp; Merchandising Bangalore
Permanent · BENGALURU
LIFESTYLE BRANDS
Group Manager - E-Commerce Product (B2B)
Permanent · BENGALURU
LIFESTYLE BRANDS
Manager - Product, Louis Philippe
Permanent · BENGALURU
PANTALOONS HO
Senior Executive - Marketing
Permanent · PUNE
LIFESTYLE BRANDS
Manager - Trade Channel, Finance
Permanent · BENGALURU
LIFESTYLE BRANDS
Executive -Key Accounts (Mis),lp
Permanent · BENGALURU
LIFESTYLE BRANDS
Senior Executive - Garment Technician (ww &Amp; Kids), Pdqa
Permanent · BENGALURU
LIFESTYLE BRANDS
Sales Executive - Kannur &Amp; Kasargod
Permanent · BENGALURU
HIGH FASHION GARMENT COMPANY
Manager Humanr Resource (Male) From Mumbai Only
Permanent · MUMBAI
RAJ KHATRI FILMS PVT LTD
Digital Marketing Executive
Permanent · MUMBAI
PANTALOONS HO
Manager - Digital Marketing - Mumbai
Permanent · PUNE
LIFESTYLE BRANDS
Manager - Buying, Peter England- Bangalore
Permanent · BENGALURU
ANANDGUPTA COUTURE
Social Media Marketing & Fashion Design Assistant
Permanent · MUMBAI
DESIGNR
Sales Officer
Permanent · NEW DELHI
NETE.IN
CRM & Logistics Executive
Permanent · MUMBAI
FABINDIA OVERSEAS PVT. LTD.
Retail Planner
Permanent · NEW DELHI
SELECTIVE GLOBAL SEARCH PVT. LTD.
Business Development
Permanent · NEW DELHI
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · KARIMNAGAR
AJIO - RELIANCE INDUSTRIES LTD
Sales Officer
Permanent · MIRYALAGUDA

Zimplats third quarter profit up 14 percent on platinum price

By
Reuters
Published
today May 3, 2010
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

JOHANESBURG, May 3 (Reuters) - Impala Platinum's (IMPJ.J) Zimbabwe unit Zimplats Holdings (ZIM.AX) said on Monday 3 May metal output in concentrate fell to 93,845 ounces in the third quarter, but profits rose 14 percent on firmer metal prices.



Zimplats, majority owned by South Africa's Implats -- the world's No. 2 platinum producer -- said operating profit rose 14 percent to $57 million in the March quarter compared with the December quarter.

The company produced 94,670 ounces in the December quarter.

The company said metal prices continued an upward trend in the quarter in line with the global economic recovery and also increased investor interest in platinum group metals.

Zimplats said revenue for the quarter was 9 percent higher than the preceding quarter, reflecting the increased sales volumes and improved metal prices.

Operating costs rose 4 percent in line with the sales.

The company said it would go ahead with its Ngezi phase II expansion project estimated to cost $445 million.

The expansion of the mine will lift annual platinum output to 270,000 ounces from 180,000 ounces.

Completion of the project will depend on among other things, compliance of Zimbabwe's proposed indigenisation laws and an agreement with the government on the $34 million the company is owed by the Reserve Bank of Zimbabwe.

Zimplats said the development of Bimha Mine remained on course for completion by May 2011. (Reporting by Shapi Shacinda)

© Thomson Reuters 2019 All rights reserved.