Zimplats news layoffs. Zimplats | 45,319 followers on LinkedIn.

Mar 2, 2021 · PLATINUM mining group, Implats, says it is undertaking feasibility studies to set up a fourth concentrator at Zimplats ahead of envisaged increased output from Bimha Mupani mine expansion projects. 8bn investment in mine expansion 29 Oct 2021 Leadership and accountability behind good Zimplats returns, says CEO of parent miner Aug 30, 2023 · PLATINUM miner Zimplats Holdings Limited has reported a 23% decrease in revenue to US$962,3 million in the year ended June 30, 2023, owing to softer metal prices during the period. • Increasing mining and concentrator capacity from 2. Jan 5, 2022 · “Zimplats has demonstrated its core value of care by donating mealie meal and sugar beans to 10 charity organisations that care for orphans, the elderly and people with disability, as part of efforts to assist the homes in providing wholesome meals,” the company said. May 27, 2024 · 263 867 700 4612 Mon - Fri 08:00 - 17:00 P O Box 6380, Harare, Zimbabwe Mar 23, 2024 · Zimplats, has announced voluntary job cuts as part of efforts to mitigate the impact of plummeting platinum group metal (PGM) prices. Zimplats effectively partners with these suppliers by procuring goods and services from them through a structured LEDs program. Alex Mhembere. 263 867 700 4612 Mon - Fri 08:00 - 17:00 P O Box 6380, Harare, Zimbabwe Mar 20, 2024 · RESOURCES behemoth Zimplats Holdings has initiated a voluntary layoff exercise for all employees to keep the company afloat in the low-price metal market. Overall, the 18 Zimplats employees give their leadership a grade of A-, or Top 15% of similar size companies. The latest review was 2 months ago. 2Mtpa. For example, as we shrink our real estate footprint, we’re transitioning to desk sharing for people who already spend most of their time outside the office. Giving an update early December 2021, Zimplats chief executive Alex Mhembere said the miner was investing in a 185 MW solar plant "to augment power supplies and enhance ESG performance metrics". Feb 23, 2024 · Layoffs in the media sector were higher last year than at any point since the Great Recession, with the exception of the peak pandemic year of 2020. Mhembere Stock analysis for Zimplats Holdings Ltd (ZIM:ASE) including stock price, stock chart, company news, key statistics, fundamentals and company profile. Zimplats is currently developing two mines, Bimha and Mupani, and the extra output means the mine requires extra concentrator capacity to process the additional ore. AX) stock quote, history, news and other vital information to help you with your stock trading and investing. 54 billion) for the half year ended in June. 0Mtpa Bimha mine and concentrator module plant were established at Ngezi. 1m on capital projects including mine expansion in the 12 months to June 30, 2021. 8bn kitty recently approved by the board to be invested over a 10-year period beginning in 2021. Employees interested in the voluntary package must submit their applications by March 22, 2024, with the package offering two weeks’ pay for each year of service, among other benefits. The country’s biggest platinum producer wants to build a 105MW plant at Ngezi, where Zimplats operates mines and two concentrators. The Johannesburg Stock Exchange-listed group owns Zimbabwe’s largest platinum miner, Zimplats, which is based in Mashonaland West province. 14c and it went ex 11 months ago and it was paid 11 months ago. Jun 14, 2023 · Platinum producer Zimplats has commissioned a new US$100 million concentrator plant to support its US$1. IE 11 is not supported. dividend was 145. Zimplats said it has completed redeveloping Bimha Mine. 0. In the comparative 2022 period, Zimplats had revenue of US$1,2 billion. Companies like Tesla, Google, Microsoft, Nike, and Amazon have announced plans for cuts this year. April 21: Flock Freight laid off 45 people — 8% of its workforce — in a second round of firings. 2Mtpa to 4. Apr 10, 2024 · Get Zimplats Holdings Ltd (ZIM. “Implementation of the 35MW solar plant project progressed as planned during the quarter with accumulative US$ 1 million spent on the project to date and US$35 million committed as at 30 September 2023 Jan 11, 2024 · Despite today's job eliminations, there are still roughly 150 new and open positions at NBC News that the company plans to fill. The company produces platinum, palladium, rhodium, iridium, and ruthenium, as well as nickel, gold, copper, cobalt, and silver deposits. Oliver Kazunga, Senior Business Reporter ZIMBABWE’S largest platinum miner, Zimplats, has achieved a record revenue breaking performance amounting to US 263 867 700 4612 Mon - Fri 08:00 - 17:00 P O Box 6380, Harare, Zimbabwe View all updates, news, and articles Join now Similar pages Mimosa Mining Company Zimplats | 45,319 followers on LinkedIn. AX) real-time stock quotes, news, price and financial information from Reuters to inform your trading and investments Mar 19, 2024 · Zimplats is Zimbabwe’s largest producer of platinum group metals. FreightWaves’ Hawes reported the story. • Zimplats embarked on the US$492 million Phase 2 expansion, development of a 4th underground mine (Mupfuti mine) and May 10, 2023 · The layoffs will hit employees across the Showtime, MTV Entertainment Studios and Paramount Media Networks. Find everything from its Valuation, Future Growth, Past Performance and more. Feb 3, 2022 · Zimbabwe’s largest platinum miner, Zimplats has set aside US$521m for the construction of a 38MW furnace and an acid plant as it targets to double the smelting capacity. 8 billion investment plan. 18 employees at Zimplats have reviewed Zimplats across various culture dimensions, providing their opinions on items ranging from executive ratings to the pace at work. The previous Zimplats Holdings Ltd. News businesses cut a total of 528 workers in January, a 1,660% increase from December Feb 1, 2024 · Zimplats said US$1 million was spent on the implementation of the 35 megawatt (MW) solar plant project to date, with US$35 million committed as at December 31, 2023, against a budget of US$37 million. It operates mines in Ngezi. 28% below ZIM's 12-month high of $26. Zimplats operates four underground mines and a concentrator at Ngezi. Mar 20, 2024 · The program aims to mitigate the need for compulsory layoffs. Mar 8, 2024 · Engineering News Online provides real time news reportage through originated written,video and audio material. Zimplats mining operations ramped up volumes and new milling capacity was commissioned. Jan 17, 2022 · Zimplats says setting up the two power plants will cost the company as much as $201 million. In 2022, Zimplats produced 583,000 ounces. : ZIM | Australian S. Implats chief operating officer, Gerhard Potgieter, said for Zimplats has 3041 employees. 8 billion investment include: The development of a new mine, Mupani, and the upgrade of the Bimha Mine. Zimplats Holdings Limited (ZIM) is a company registered in Guernsey. Mar 19, 2024 · Impala Platinum Holdings’ Zimbabwean unit, Zimplats, is taking proactive steps to mitigate the impact of anaemic metal prices. Employees at Zimplats – Zimbabwe’s biggest producer of PGMs – are being offered a minimum of three months’ pay and must submit their application forms by March 22, according to the circular. It currently operates four underground mines and a concentrator at Ngezi, while the Selous Metallurgical Complex, 77 km north of the underground operations, comprises a concentrator and a smelter. Zimplats’ parent company Implats announced last year that it would delay some of its projects due to falling metal prices and high costs. The company’s expansion program is comprehensive, encompassing the development of new mining operations, the expansion of its smelting capabilities, and the construction of additional infrastructure, including a base metal refinery, a Jul 8, 2024 · Last year's job cuts weren't the end of layoffs. Dec 9, 2021 · The projects under the US$1. E. Zimplats is currently on a US$1. A source familiar with the layoffs said an estimated 20 jobs were cut. Overall, this will add up to a meaningful cultural shift in how we operate. 45% when compared to the share price 7 days ago and is -36. A 2. Apr 10, 2024 · April 10 (Reuters) - Zimplats , opens new tab will reduce its headcount by 1% as it implements broad cost cuts to survive a sharp fall in platinum group metal (PGM) prices, CEO Alex Mhembere said 4 days ago · Research Zimplats Holdings' (ASX:ZIM) stock price, latest news & stock analysis. May 14, 2024 · Walmart said Tuesday it is eliminating several hundred corporate jobs and will relocate most of its remaining remote office staff to its Bentonville, Arkansas, headquarters. The circular, issued by Zimplats Chief Executive Officer Alex Mhembere, highlights the company’s strategy to mitigate the impact of the current market Nov 14, 2022 · Amazon plans to lay off approximately 10,000 people in corporate and technology jobs starting as soon as this week, people with knowledge of the matter said, in what would be the largest job cuts Mar 20, 2024 · RESOURCES behemoth Zimplats Holdings has initiated a voluntary layoff exercise for all employees to keep the company afloat in the low-price metal market. Feb 27, 2021 · In an email to workers, President Jennifer Boykin said the layoffs were “very difficult decisions,” media outlets reported. 263 867 700 4612 Mon - Fri 08:00 - 17:00 P O Box 6380, Harare, Zimbabwe May 15, 2024 · Walmart on Tuesday announced layoffs affecting several hundred jobs at the retail giant's campus offices and said it will be requiring most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to office hubs in Bentonville, Arkansas; Hoboken, New Jersey; and the San Fr Zimplats Holdings Limited, together with its subsidiaries, engages in the production of platinum and associated metals in the Great Dyke in Zimbabwe. The company on Tuesday initiated a voluntary layoff exercise for all employees to keep the company afloat in the low-price metal market. Tech giants such as Zimplats Holdings Limited: News, information and stories for Zimplats Holdings Limited | Australian S. And for the news business, 2024 is already 263 867 700 4612 Mon - Fri 08:00 - 17:00 P O Box 6380, Harare, Zimbabwe Sep 5, 2022 · PLATINUM group metals (PGM) producer, Zimplats Holdings, says it has spent US$270,3 million in the six months to June 30, 2022 on mine replacement and beneficiation projects, which remain largely 263 867 700 4612 Mon - Fri 08:00 - 17:00 P O Box 6380, Harare, Zimbabwe 263 867 700 4612 Mon - Fri 08:00 - 17:00 P O Box 6380, Harare, Zimbabwe Jan 30, 2023 · Layoffs have battered the tech industry in 2023, carrying over a series of job cuts that began last year. 263 867 700 4612 Mon - Fri 08:00 - 17:00 P O Box 6380, Harare, Zimbabwe Apr 6, 2019 · A Zimplats underground support leader whom social media were awash with news that he died, confirmed suffered serious injuries and died at Zimplats’ Mupfuti Mine in Ngezi, this is according to the company’s Chief Executive Officer Mr. 8 billion (about R28 billion) capital shore-up to develop a new mine, expand existing production and processing capacity at existing ones, and to cater for power outages through a 185 MW solar power plant. Mar 20, 2024 · According to a staff circular dated March 18, confirmed by the company, Zimplats is offering its employees voluntary redundancy packages as a preemptive measure to avoid compulsory layoffs. Join the HotCopper ASX share market forum today for free. In all, about 50,000 people have lost their positions this month. Prices are delayed Nov 8, 2021 · Bulawayo's most popular daily newspaper. Feb 23, 2024 · MINER, Zimplats Holdings Limited (Zimplats) lost nearly US$114 million in its Australian Stock Exchange (ASX) valuation, after failing to timely file the resignation of Air Zimbabwe (Pvt) Ltd Sep 3, 2022 · Impala Platinum owned Zimplats injected more than $270 million (~R4. 5 million) after its 263 867 700 4612 Mon - Fri 08:00 - 17:00 P O Box 6380, Harare, Zimbabwe Dec 7, 2021 · Zimplats (ASX:ZIM) budgets A$2. According to a staff circular dated March 18, Zimplats is offering its employees voluntary redundancy packages as a preemptive measure to avoid compulsory layoffs. ZIMPLATS QUARTERLY REPORT FORTHE PERIOD ENDED 31 DECEMBER 2023 3 ZIMPLATS QUARTERLY REPORT •DECEMBER2023 FINANCIAL Cost containment initiatives, in response to softening metal prices, were implemented in the period, and resulted in a 1% retracement in Mar 20, 2023 · Amazon plans to lay off 9,000 corporate and tech workers by the end of April, adding to the 18,000 roles it already cut late last year and this January, Andy Jassy, the company’s chief executive Zimplats embarked on the LEDs programme in 2013 which refers to the development of indigenous suppliers who are geographically located around Zimplats’ mining and processing operations. “It is important to stress that our future remains strong even in the midst of today’s news. Jul 19, 2024 · Zimplats Holdings Limited is a Guernsey-based platinum mining company engaged in producing platinum group metals (PGM) and associated metals, such as nickel, gold, copper, cobalt and silver mined from the Great Dyke in Zimbabwe. Get the latest Zimplats Holdings Ltd (ZMPLF) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. Nov 17, 2023 · May 9: Freight broker Lipsey Logistics cited a weak freight market as the reason for layoffs. Aug 30, 2023 · Source: Zimplats revenue down 23% –Newsday Zimbabwe PLATINUM miner Zimplats Holdings Limited has reported a 23% decrease in revenue to US$962,3 million in the year ended June 30, 2023, owing to softer metal prices during the period. Feb 29, 2024 · The Johannesburg-based producer of platinum group metals (PGMs) scrapped an interim dividend and postponed spending on various projects to save about 10 billion rand ($519. Sep 2, 2021 · Zimbabwe’s largest platinum miner, Zimplats has spent US$159. 8bn over a 10-year period starting from 2021. They mark the shipyard’s first layoffs in five years. 8 billion expansion of the country’s biggest mine. For an optimal experience visit our site on another browser. The development of Mupani Mine, the replacement production source for Rukodzi and Ngwarati mines which will deplete in 2022 and 2025, respectively, is progressing well • Zimplats embarked on the US$340 million Phase 1 expansion project. 67 billion) into expansion projects and paid a dividend amounting to $205 million (~R3. 7m tonnes and in-country processing capacity to 380 000 Nov 24, 2023 · Zimplats also spent US$1 million for its solar project with US$35 million committed as at 30 September against a budget of US$37 million. • Development of Mupani mine (replacement mine for Rukodzi in FY2022 and Ngwarati in FY2025) ahead of schedule. Layoff Tracker 2024 – Top Layoffs of The Week Feb 1, 2024 · Zimplats said US$1 million was spent on the implementation of the 35 megawatt (MW) solar plant project to date, with US$35 million committed as at December 31, 2023, against a budget of US$37 million. This constitutes a price movement of 1. News Ticker [ July 21 Mar 1, 2024 · This is the first time in nearly a decade that Zimplats, one of the country’s most profitable enterprise­s, has posted a loss. See the 263 867 700 4612 Mon - Fri 08:00 - 17:00 P O Box 6380, Harare, Zimbabwe HotCopper has news, discussion, prices and market data on ZIMPLATS HOLDINGS LIMITED. . Nov 9, 2022 · I view layoffs as a last resort, so we decided to rein in other sources of cost before letting teammates go. The Selous Metallurgical Complex (SMC), located some 77 kilometres north of the underground operations, comprises a concentrator and a smelter. Mar 19, 2024 · READ | Implats profit almost wiped out as lower metal prices bite - but no job cuts, so far. So far, Zimplats has spent US$295 million out of a budget of US$468 million for this. While the company's cost containment and cash preservation initiatives have yielded expected results, Zimplats still faces a challenging situation and therefore requires additional measures, as stated by Mhembere. Mar 25, 2024 · Zimplats CEO Alex Mhere highlighted the necessity of these measures to avoid compulsory layoffs. [Last update: July 09, 2024]. Projects under the US$1. 68 per share. Before the new plant, the mine ran two […] Mar 18, 2024 · Impala Platinum Holdings Ltd. 7b for projects over 10 years Zimplats’ (ZIM) board of directors have approved a capital investment strategy with… Jessica De Freitas Jun 14, 2023 · Zimplats is currently developing two mines, Bimha and Mupani, and the extra output means the mine requires extra concentrator capacity to process the additional ore. • Zimplats established an open-pit mine at Ngezi (2. The company did not specify the number of positions targeted for reduction among its 8,000 permanent and contract jobs. 263 867 700 4612 Mon - Fri 08:00 - 17:00 P O Box 6380, Harare, Zimbabwe Find the latest Zimplats Holdings Limited (ZMPLF) stock quote, history, news and other vital information to help you with your stock trading and investing. The expanding production levels through growth projects, include the development of a new mine and increased processing capacity, which will boost nameplate capacity to 8. There are typically 2 dividends per year (excluding specials), and the dividend cover is approximately 2. Since January 1st, 2024, 3553+ companies have announced mass layoffs. 263 867 700 4612 Mon - Fri 08:00 - 17:00 P O Box 6380, Harare, Zimbabwe 263 867 700 4612 Mon - Fri 08:00 - 17:00 P O Box 6380, Harare, Zimbabwe Get the latest Zimplats Holdings Ltd (ZIM) real-time quote, historical performance, charts, and other financial information to help you make more informed trading and investment decisions. EB Our combined knowledge, your competitive advantage Zimplats Holdings Limited is a Guernsey-based platinum mining company engaged in producing platinum group metals (PGM) and associated metals, such as nickel, gold, copper, cobalt and silver mined from the Great Dyke in Zimbabwe. More than 60 workers were fired in Jul 26, 2021 · Zimplats has applied for a licence to install close to 200MW of solar power to feed operations at Ngezi and Selous, where it is spending US$290 million in additional investment to grow platinum output. Those affected by today's layoffs are being encouraged to apply. 00. Jul 11, 2024 · What is the current share price of Zimplats Holdings Limited (ZIM)? Zimplats Holdings Limited's (ZIM) current share price is $17. 263 867 700 4612 Mon - Fri 08:00 - 17:00 P O Box 6380, Harare, Zimbabwe 263 867 700 4612 Mon - Fri 08:00 - 17:00 P O Box 6380, Harare, Zimbabwe Dec 8, 2021 · Zimplats, a member of the Implats Group, is focused on production of platinum group and associated metals from the Great Dyke in Zimbabwe. • Zimplats took over BHP Minerals International Exploration Inc’s share of Hartley Mine. Further reductions have begun in 2024. 8bn strategy include maintaining current production levels through mine replacements and upgrades (US$516m). Mar 22, 2024 · Zimplats’ response is a multifaceted strategy designed to mitigate the impact of these market challenges. Member of the Implats Group. Zimplats | 45,319 followers on LinkedIn. 5%, said the capital spend was on Jun 16, 2023 · With the new investment, Zimplats will add 180,000 ounces to production per year. Rudairo Dickson Mapuranga In a letter sent to the company’s stakeholders and the media, Mr. The investment is part of the miner’s US$1. Share Price Activity (ASX) Dec 31, 2023 · 263 867 700 4612 Mon - Fri 08:00 - 17:00 P O Box 6380, Harare, Zimbabwe Jul 12, 2021 · Zimplats, the Zimbabwean unit of Impala Platinum, has announced a new $1. 2Mtpa) with investment from Implats and resuscitated SMC concentrator and smelter. The weaker metal price is owing to […] • Zimplats took over BHP Minerals International Exploration Inc’s share of Hartley Mine. 2 days ago · Subscribe to Intellizence to get the complete layoffs, downsizing, job cuts, and hiring freeze data curated from news sources and WARN filings. The company has initiated voluntary job cuts among its employees as a cost-cutting measure. EB Our combined knowledge, your competitive advantage Mar 21, 2024 · PLATINUM giant Zimplats says the current cost-cutting initiatives aim to lessen the effect of budget cuts on its growth strategy, which includes a US$1,8 billion expansion programme. Zimplats' business is the production of platinum group and associated metals from the Great Dyke in Zimbabwe. ’s Zimbabwean unit is offering staff voluntary redundancy packages to cut costs because of anemic metal prices. 8m tonnes per annum from 6. Each week,an average of 240 899-page impressions are generated by over 64 719 online 263 867 700 4612 Mon - Fri 08:00 - 17:00 P O Box 6380, Harare, Zimbabwe 3 days ago · The latest Zimplats Holdings Limited [ZIM] news, articles, data and analysis from The Australian Financial Review 263 867 700 4612 Mon - Fri 08:00 - 17:00 P O Box 6380, Harare, Zimbabwe Zimplats plans US$1. Dec 7, 2021 · Zimplats said that its board of directors has sanctioned the company’s plans to invest $1. Feb 1, 2024 · Media businesses also increased their job cuts, although the number of layoffs is relatively small. Find the latest Zimplats Holdings Limited (ZIM. The miner, which according to the Finance Bill 2022 will now have to pay 5% in mineral royalties up from 2. qi av uq xp wn an uz uk lt tf