By Business Reporter – Thursday 15 October 2020
HARARE (Mining Index) – ZIMBABWE Platinum Mines (Private) Limited (Zimplats) is a significant producer of Platinum Group of Metals (PGMs), exploiting the ore bodies located on the Great Dyke in Zimbabwe.
Zimplats is a subsidiary (87% shareholding) of one of the world’s leading PGMs, the South African based and listed Impala Platinum Holdings Limited (Implats), which contributes approximately 25% of global platinum output.
In the past two decades, Zimplats has gone through tremendous transformation. Below are some of the highlights of achievements made.
- Achieved Bimha Mine design capacity after re-development.
- Resolution of mining lease area and mining tenure issues.
- Attained 8.8 million fatality free shifts.
- 10% equity stake issued to the Zimplats Employee Share Ownership Trust as part of its Indigenisation implementation plan.
- Surpassed Phase 2 nameplate capacity (6.2Mtpa) mining and milling production capacity.
- Bimha Mine partial collapse and redevelopment.
- Resuscitation of open-pit operations.
- Phase 2 expansion plant commissioned on schedule.
- Attained 10 million fatality free shifts.
- Established the Community Share Ownership Trust and donated US$10 million.
2006 – 2010
- Zimplats embarked on the US$492 million phase 2 expansion, development of 4th underground mine at Ngezi, to increase production to 6.2Mtpa nameplate capacity.
- Zimplats released 36% of its ground to the Government of Zimbabwe in return for anticipated cash and empowerment credits.
- Zimplats embarked on the US$340 million Phase 1 expansion project, increasing mining and concentrator capacity to 4.2Mtpa.
- Implats increased shareholding to 87% in Zimplats.
- Zimplats established open-pit mine at Ngezi (2.2Mtpa) with investment from Implats.
- Zimplats took over BHP Minerals International Exploration Inc’s share of Hartley Mine. ENDS// www.miningindex.co.zw
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