Mining Index Zimbabwe

Sibanye-Stillwater writes down Mimosa by US$28,74m as costs, tax

- Local -
February 23, 2026

Multinational mining and metals processing group Sibanye-Stillwater has written down the value of its Zimbabwe-based Mimosa platinum mine by ZAR461 million (US$28,74 million) following a June 30, 2025, life-of-mine reassessment that revised cost assumptions and incorporated a new beneficiation tax, cutting projected cash flows.

The impairment underscores the growing impact of Zimbabwe’s tightening fiscal regime and rising operating costs on foreign-owned mining assets, at a time when the government is.

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