Impala Platinum Holdings Ltd. Chief Executive Officer David Brown will quit with a five-year record of maintaining its share price amid a slump in the metal that carved as much as two-thirds off the valuations of its rivals.
Impala Platinum Holdings Ltd. paid former Chief Executive Officer David Brown 28 percent more in his last three months at the world’s second-biggest producer of the metal than in the entire preceding financial year.
South Africa sent troops to end rioting at the world’s largest platinum mine after owner Impala Platinum Holdings Ltd. asked for government help to stop violence stemming from an illegal strike that has halted output.
Impala Platinum Holdings Ltd., the world’s second-largest producer of the metal, expects output to decline 7.6 percent this fiscal year because results last year included some volumes from competitor Lonmin Plc.
Impala Platinum Holdings Ltd. , the second-largest producer of the metal, reported fiscal full-year profit that fell less than analyst forecasts as a strike and its worst underground accident were countered by rising prices.
Impala Platinum Holdings Ltd. , the second-largest producer of the metal, said unrealistic prices for the few assets it’s interested in buying are curbing efforts to grow its business and boost output through acquisitions.