The Johannesburg-based metals producer did not declare an interim payout, while group capital expenditure for the full year through June has been cut to between $571.82 million and $620 million, from the previous estimate of $650-700 million.

Impala said it is shelving planned projects at its Zimplats and Mimosa units in Zimbabwe, and also postponing spending at Marula and Styldrift operations in South Africa.

The life of Impala's Canadian palladium mine has been shortened following a restructuring.

Impala said it would take further actions should metal prices not recover in short to medium term.

--Reuters--