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Search results: Platinum Group Metals (PGM)
Karo Platinum to Build First-of-Its-Kind TSF with Advanced Safety in Zimbabwe’s PGM Sector
Karo Platinum, Zimbabwe’s most promising platinum group metals (PGM) Tier 1 asset, is set to construct a tailings storage facility (TSF) that will feature advanced safety and stability measures as the company leverages its open-pit mining...
Valterra Platinum Signals Earnings Upswing Ahead of FY2025 Close
Valterra Platinum is expecting a sharp improvement in earnings for the financial year ending 31 December 2025, as higher platinum group metals (PGM) prices and sustained cost savings begin to reflect across the business.
By Ryan Chigoche
Against...
Tharisa Sets Sights on Higher Platinum Output Amid Soaring Prices
Tharisa has outlined ambitious growth plans for its Platinum Group Metals (PGM) production at a time when platinum prices have climbed to their highest levels in over a decade, Mining Zimbabwe reports.By Ryan ChigocheIn its fourth-quarter...
Karo Platinum Unveils Energy Strategy to Tackle Zimbabwe’s Power Deficit
Karo Platinum has announced a multi-pronged strategy to mitigate Zimbabwe’s chronic power shortages, including strengthening regional grid access and investing in renewable energy infrastructure to support its mining operations in Mashonaland West Province.
By Ryan Chigoche
The emerging...
Karo Platinum Advances Project as It Seeks $165M to Complete Zimbabwe’s Next Major PGM Operation
Karo Platinum, a Zimbabwean platinum group metals (PGM) project owned by Tharisa, is ramping up construction at its Chegutu site as it works to close a $165 million funding round critical to completing the first phase.
By...
Is Platinum on Its Way Out? What It Means for Zimbabwe’s Mining Future
As global platinum prices continue to fluctuate, Zimbabwe's mining industry—historically anchored by its three major platinum producers: Zimplats, Mimosa, and Unki—finds itself at a critical crossroads.
By Rudairo Mapuranga
These mines have been the backbone of Zimbabwe’s $5...
Unki Mine’s Parent Company Amplats Proposes Name Change to Valterra Platinum
Zimbabwe's third-largest platinum group metals (PGM) producer, Unki Mine's parent company, Anglo American Platinum (Amplats), has proposed a name change to Valterra Platinum as part of its plans to spin off into a standalone unit, Mining...
Zimbabwean Platinum Production Declines 9% in 2024
Zimbabwe’s platinum production declined by 9% year-on-year to 121,000 ounces (koz), primarily due to reduced output at Zimplats, the country’s leading platinum group metals (PGM) producer, according to a recent report from the World Platinum Investment...
Govt to continue with 5% Tax on Unrefined Platinum Exports in 2025
In a setback for Platinum Group Metals (PGM) miners, the Zimbabwean government has announced that it will move forward with the implementation of a 5% tax on unrefined platinum exports starting in January 2025, despite the...
Platinum Revenue Soars 2% to Overtake Palladium as Zimplats’ Top Earner
The country's largest Platinum Group Metal (PGM) producer, Zimplats, has seen platinum overtake palladium as its leading revenue contributor, according to its preliminary final report for the financial year ending 30 June 2024.By Rudairo MapurangaPlatinum revenue...
Karo platinum project a prime example of local empowerment
Tharisa's Karo Platinum Group Metals (PGM) Project in Mhondoro Ngezi has proven to be one of the favourites with 99 per cent of employees and contractors being from within Zimbabwe.Rudairo MapurangaThe project whose groundbreaking exploration was...
Zimplats’ Impala Platinum to cut spending after metal price decline
Zimplats parent company, South Africa’s Impala Platinum will reduce planned spending across its business to reflect current low metal prices, the company said on Tuesday.
The prices of platinum group metals (PGM), which are used by automakers...
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