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Implats may seek market finance – Business Report

Implats may seek market finance – Business Report

Metal prices at five-year lows will prompt Impala Platinum Holdings to seek market financing should it proceed with a targeted $2.5 bn of spending on mines. That is the view of Kagiso Asset Management, which says that the South African producer’s five-year plan for building new shafts will force it to either raise cash or scale back capital expenditure unless platinum prices rebound. Gavin Wood¬†comments.
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