By Business Reporter
ZIMPLATS says it is ahead of target towards the development of Mupani mine, with most of the surface infrastructure having been completed.
Under its capital projects, Zimplats announced in 2017 that the platinum giant had approved the development a new mine at a cost of US$264 million.
Zimplats Chief Executive Alexander Mhembere gave a brief on developmental progress on Mupani mine saying, ‘This is our new kid on the block, still under development, being developed at a tune of US$264 million.’
Mupani mine is being developed to replace Ngwarati and Rukodzi mines, whose lifespan is almost coming to an end.
The development of Mupani mine has been ramping up since last year and is forecast to provide over 1 000 jobs when fully operational.
US$28.7 million was spent in for year 2018 with US$37.8 million project expenditure to date.
‘We have progressed quite well in terms of this development. We are excited at the pace of work that is happening with this project. We are ahead of schedule.’
‘Zimplats is always bullish in terms of looking at the market in Zimbabwe. As a result, year on year, we are always pursuing growth projects, or replacement projects for that matter.’ ENDS//