Business / Companies
Zimplats increase platinum production
18 Nov 2011 at 08:10hrs | Views
Impala Platinum Holdings Limited's platinum production in matte at Zimplats was marginally up to 45 000 ounces in line with an increase in tonnes milled to 1.06 million. The Phase 2 expansion project remains on schedule to take production to 270 000 ounces of platinum by FY2014. At Portal 3 blasting and construction of tunnel arches in both North and South declines is underway and progress on the concentrator and other infrastructure is progressing well.
In October Zimplats announced their intention to establish a community share ownership scheme, an integral part of the Company`s plan to meet Zimbabwe`s indigenisation requirement. Management remain in negotiations with the Government of Zimbabwe to finalise the indigenisation implementation plan which will be resubmitted in mid- November this year.
Production at Mimosa remained flat in line with steady-state production of 100 000 ounces of platinum in concentrate per annum. The Company submitted their indigenisation plan in late October and await feedback from the Government of Zimbabwe.
In October Zimplats announced their intention to establish a community share ownership scheme, an integral part of the Company`s plan to meet Zimbabwe`s indigenisation requirement. Management remain in negotiations with the Government of Zimbabwe to finalise the indigenisation implementation plan which will be resubmitted in mid- November this year.
Production at Mimosa remained flat in line with steady-state production of 100 000 ounces of platinum in concentrate per annum. The Company submitted their indigenisation plan in late October and await feedback from the Government of Zimbabwe.
Source - Byo24News
