JOHANNESBURG: Impala Platinum plans to raise 4 billion rand (US$299 million) to fund the development of two shafts at its strike-ridden South African operations, the company said yesterday, news that sent shares tumbling to 12-year lows.
Investors hammered shares in the world's second-largest producer of the precious metal, sending them down as much as 15% before they pared loses to be down 7.2% at 43 rand by 0858 GMT.
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