Zimbabwe platinum producer Zimplats Holdings will hold its 26th annual general meeting on October 27, with shareholders set to vote on a new auditor, the re-election of two directors and changes to the company’s articles of incorporation, Mining Zimbabwe can report.
By Ryan Chigoche
The AGM will be held in Johannesburg, although shareholders will also be able to participate virtually through a real-time online platform, according to the meeting notice.
Among the resolutions before shareholders is the appointment of Axcentium as Zimplats’ independent auditor, together with approval of the proposed audit fees.
Shareholders will also vote on the re-election of two directors, while a special resolution seeks to amend an article of the company’s incorporation.
The governance changes come as Zimplats enters another important phase of investment in its Zimbabwe operations, with the platinum producer pursuing mine replacement, energy and processing projects to sustain production over the longer term.
During the financial year ended June 2026, Zimplats mined 8.4 million tonnes of ore, an 8% increase from the previous year, while tonnes milled rose by the same margin to 8.05 million tonnes. The operation produced 606,000 ounces of 6E metals in matte, according to parent company Implats’ latest results.
Maintaining that production base will require continued investment, particularly as some of Zimplats’ existing mines approach the end of their productive lives.
The company’s Mupani replacement project is being developed to replace production from Ngwarati, Rukodzi and Mupfuti mines, with technical completion still targeted for 2028.
At the same time, Zimplats is expanding its energy infrastructure as it seeks to reduce its exposure to power supply constraints. Its 45MW solar project is expected to be completed in early 2027, forming part of a planned 185MW solar complex.
The investment programme is also reflected in Zimplats’ capital spending plans. For the 2027 financial year, the company has guided for capital expenditure of between R2.4 billion and R3 billion, with spending largely directed towards mine replacement, energy security and environmental compliance.
Zimplats is also progressing its sulphur dioxide mitigation programme at its processing operations, with planning for an acid plant expected to advance towards construction in 2028.
Against that backdrop, the October AGM gives shareholders an opportunity to consider the governance and board matters as the company continues to commit substantial capital to its Zimbabwe operations.
Shareholders unable to attend the Johannesburg meeting physically can participate electronically or vote through the company’s proxy arrangements. Zimplats has, however, cautioned that virtual access relies on third-party technology and that any disruption to the platform would not invalidate the meeting.
