Articles tagged 'platinum'

Nssa pursues platinum, lithium investments 7 March 2018 HARARE - Deep-pocketed pensions administrator, National Social Security Authority (Nssa), is pursuing investment opportunities in the mining sector. The statutory body — sitting on a $1,3 billion asset base — is targeting high-value minerals such as lithium and platinum, among others. Zimba...
New Zim era boon for PGM metals 30 November 2017 HARARE – The demise of former president Robert Mugabe, through a calculated military intervention, could prove a boon for the country's platinum-group metals, mining experts have said. Zimbabwe, the world's number three producer of platinum and fourth largest palladium producer, according to d...
Zimplats surrenders claims to Zim govt 19 September 2017 HARARE - Zimplats, which is majority controlled by Impala Platinum, has said it has agreed to cede a contentious piece of land that it has for years suffered to retain, after government had sought to take it over. This comes after President Robert Mugabe’s government made a fresh bid in Januar...
Minerals revenue rises 20 May 2017 HARARE - Zimbabwe's mining industry revenue is set to reach $3 billion this year, from $2 billion in 2016, as revenues from chrome mines whose exports had been previously banned consolidates sharp rises in other metals, Mines minister Walter Chidakwa has said. The minister revealed this as off...
Aussie firm to build $300m platinum refinery 18 May 2017 HARARE - Zimbabwe has secured an independent Australian partner to build a $300 million platinum refinery, under a joint venture arrangement with State-owned Zimbabwe Mining Development Corporation (ZMDC) and a local player. Mines minister Walter Chidakwa yesterday said the company —  Kell Tec...
Zimplats commits to Zim 2 May 2017 HARARE - Australia Stock Exchange-listed platinum producer, Zimplats, has vowed to remain in Zimbabwe despite threats by President Robert Mugabe’s government to seize more than half of the company’s land. This comes as other international mining giants such as Rio Tinto bowed out of the minera...
Zimplats, govt in talks over land grab 27 April 2017 HARARE - Zimbabwe's largest platinum producer, Zimplats, says it is in discussions with government over an impending compulsory acquisition of 28 000 hectares of its land by the State. The Alex Mhembere-led platinum mining company yesterday said while government had already made moves to grab ...
Unki ramps up production 26 April 2017 HARARE - The world's largest platinum producer Anglo American Platinum (Amplats) says production at its Zimbabwean unit went up two percent to 18 900 ounces in the quarter to March 2017. Amplats owns and operates Unki Platinum Mine (Unki) near Shurugwi. In a statement accompanying its quart...
Zimplats swings back to profit 27 February 2017 HARARE - Zimbabwe's largest platinum producer, Zimplats, has recorded a $16,1 million profit in the half year to December 2016 compared to a loss of $0,6 million registered in the previous corresponding period. The group’s chief executive, Alex Mhembere, last week attributed the record profits...
Mugabe forges ahead with Zimplats land grab 6 January 2017 HARARE - Zimbabwe government is going ahead with plans to compulsorily acquire 28 000 hectares of mining land in Kadoma held by the country's biggest platinum miner, Zimplats. Through the second publication of a notice to the effect, President Robert Mugabe — ignoring various warnings from mar...
Unki production up 18pc 26 October 2016 HARARE - The  world’s largest platinum producer Anglo-American Platinum (Amplats) says production at its Zimbabwean unit went up 16 percent to 18 200 ounces in the quarter to September on the back of improved production at the mine. Amplats owns and operates Unki Platinum Mine (Unki) near Shur...
Zimplats production up 71pc 27 April 2016 HARARE - South Africa-based Impala Platinum (Implats) says platinum production at its Zimbabwean subsidiary rose by 71 percent in the quarter to March 2016 due to new open-pit operations. In the period under review, Zimplats — 87 percent owned by Implats — ramped up production to 89 000 platin...
Unki's platinum production up 14pc 23 April 2016 HARARE - The world’s largest platinum producer Anglo-American Platinum (Amplats) says production at its Zimbabwean unit went up 14 percent to 19 000 ounces on the back of improved production. Amplats, which owns and operates Unki Platinum Mine (Unki), said the Shurugwi-based mine’s contributio...
New Bougai Platinum Mine owner in hot water 11 March 2016 HARARE - The European owners of one of Zimbabwe's prime and undeveloped platinum resources have reportedly appointed Sebastian Buchte - an executive who has been arrested and deported from South Africa (SA) - to head its African operations. ERG LLP, a Luxembourg-based natural resources company...
Zim platinum output to surge 12pc 7 March 2016 HARARE - Zimbabwe's platinum output is expected to surge 12 percent to 430 000 ounces (oz) on the back of the completion of an expansion project at the country’s biggest mine, Zimplats, the World Platinum Investment Council (Wpic) has said. According to Wpic’s sixth quarterly report titled Pla...
Low metal prices hit Zimplats 25 February 2016 HARARE - Low international prices saw Zimbabwe's largest platinum producer, Zimplats, reporting a 12 percent decrease in revenue for the half year to December 2015 despite a surge in sales volumes. In its interim results published yesterday, the platinum miner said its revenue decreased to $20...
Anglo prioritises Zim unit 22 February 2016 HARARE - Anglo American Plc (Anglo) is keen to keep its Zimbabwean platinum unit, Unki Mine, despite a continued drop in international metal prices. This comes as the multinational company — with a majority stake in the Shurugwi-based platinum miner — is hoping to raise $3-4 billion of asset s...
Implats in profit warning 17 February 2016 HARARE - Zimbabwe Platinum Holdings (Zimplats) parent company Impala Platinum Holdings (Implats) says it expects its basics earnings per share (EPS) to decline by 30 percent in the half year to December 2015 due to the decline in international metal prices. The south African platinum producer ...
Mimosa revenue dips 32 percent 13 February 2016 HARARE - Platinum producer Mimosa says its revenue declined by 32 percent to $99 million in the half year to December 2015 due to lower metal prices. This comes as mining companies have sought to maximise lower-cost output as the commodities downturn has deepened. From $1,221 per ounce a ye...
Mimosa, govt in talks over platinum tax 29 January 2016 HARARE - Platinum miner Aquarius Platinum Limited (Aquarius) — a 50 percent shareholder in Zimbabwe’s second largest platinum producer, Mimosa — is in talks with government over the official gazetting of amendments to export tax on un-beneficiated platinum. In a statement accompanying the grou...
Mining output to increase by 2,4pc 30 November 2015 HARARE - Zimbabwe's mining output is expected to grow by 2,4 percent in 2016 buoyed by increased output in gold, chrome, coal, nickel, platinum and diamonds, a Cabinet minister has said. Presenting his 2016 National Budget on Thursday last week, Finance minister Patrick Chinamasa said the sect...
Mimosa seeks $82m for expansion 9 November 2015   HARARE - South Africa’s platinum producer, Aquarius Platinum Limited, says it is seeking $82 million for a planned expansion programme at its Zimbabwean subsidiary Mimosa Platinum Mines (Mimosa).   This comes after a feasibility study was conducted early this year to determine the Zvishava...
Mixed fortunes for platinum miners 2 October 2015 HARARE - Zimbabwe's largest platinum producer, Zimplats Holdings Limited (Zimplats)’s, indigenisation plan has been approved but the country is yet to give Mimosa Mine the green light to implement its proposal. The miner's chairman Sydney Mufamadi said government authorised the platinum giant ...
Zimplats capital expenditure reaches $1,3bn 5 September 2015 HARARE - Zimplats -- Zimbabwe's largest platinum producer -- has spent over $1,3 billion on its operations in the country in the past 13 years, businessdaily has learnt. Its annual integrated report released on Wednesday, the platinum miner said it has also paid $513 million to government in t...
Zimplats targets 280k platinum ounces 4 September 2015 HARARE - Zimbabwe’s largest platinum producer, Zimplats, says it targets to increase production by 47 percent to 280 000 ounces next year up from 190 000 ounces recorded in the 12 months to June 30, 2015. The group’s chief executive, Alex Mhembere, on Wednesday told analysts that the company h...