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.
Go-Ahead Group Plc won a contract to operate an expanded London rail franchise that will be Britain’s biggest ever with more than 280 million commuter journeys a year, sending its shares to their sharpest gain since 2008.
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.