Home Business Zimplats to plough $80m Bimha mine

Zimplats to plough $80m Bimha mine

Zimplats to plough $80m Bimha mine
About 163 000 workers in South Africa’s platinum industry has been pressing for a share of the record profits generated by a rally in metal prices.

IMPALA Platinum’s Zimbabwe unit Zimplats is going to plough more than $80 million into its Bimha mine just after completing a $100 million reconstruction project there.

The Bimha mine, which accounted for about half of Zimplats’ production, collapsed in July 2014, forcing the company to close and reconstruct it. The mine is one of the largest in the country. It had to additionally invest in replacement production projects.

The reconstruction program for the mine has now been completed and Zimplats has embarked on a project to upgrade the Bimha mine at an additional cost of $81,7 million, chief executive officer, Alex Mhembere said.

“The redevelopment of Bimha Mine was completed within budget at $99,8 million. The upgrading of Bimha Mine is progressing well, targeting achievement of 3,1 million tonnes per annum in the first quarter of its 2024 fiscal year,” he said.

Zimplats is also upgrading the Mupani mine, which is targeted to produce 2.2 million tonnes per annum on completion in 2025, ramping up to 3.6 million tonnes per annum in 2027.


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