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Search results: platinum group metal (PGM)
Zimplats Gold Production Declines by 16%
The country’s biggest platinum group metal (PGM) producer, Zimplats, reported a 16% decrease in its gold production for the half-year ended 31 December 2024, producing 14,587 ounces compared to 17,424 ounces during the same period in...
Zimplats Contributes Over US$106 Million in Taxes
The country’s biggest platinum group metal (PGM) producer, Zimplats, contributed over US$106 million (R2.03 billion) in taxes to the Zimbabwean government in 2024, the company’s parent company, Impala Platinum (Implats), stated in its 2024 Tax Transparency...
Karo Retrenches Employees, Terminates Contractors Amid Tough Market Conditions
Tharisa plc-owned Karo Platinum has retrenched 16 permanent employees and terminated the contracts of several contractors as part of its strategic decision to optimize costs in response to the continued depression of platinum group metal (PGM)...
Mimosa Achieves Over 3% Production Growth Amid Slight Decline in Grade
Zimbabwe’s second-largest platinum group metal (PGM) producer, Mimosa Mining Company, has once again demonstrated its operational strength with a 3.1% increase in tonnes milled and a 3% rise in 6E concentrate production, despite a slight 0.6%...
RBZ Wary of Subdued PGM Prices’ Impact on Export Earnings
The Reserve Bank of Zimbabwe (RBZ) is concerned about the anticipated decline in platinum group metal (PGM) prices in 2025, driven by slowing demand from the automotive sector as the shift to renewable energy accelerates.
By Rayan...
Unki Mine PGM Production Sees Marginal Decline Amid Power Outages
Zimbabwe’s third-largest platinum group metal (PGM) producer, Unki Mine, recorded a 2% decline in PGM production in Q4 2024, reaching 60,300 ounces, Mining Zimbabwe can report.By Rudairo MapurangaAccording to Unki’s parent company, Anglo American Platinum (Amplats),...
Mimosa’s Strong Performance Drives Competitive Cost Efficiency
The country’s second-biggest Platinum Group Metal (PGM) producer, Mimosa Mining Company, jointly owned by Sibanye Stillwater and Impala Platinum Holdings (Implats), continues to demonstrate its competitive strength in the PGMs sector, as highlighted in a recent...
Zimplats Smelter Completed, BMR Construction Underway
Zimbabwe’s largest platinum group metal (PGM) producer, Zimplats, has reached a significant milestone in its value addition and beneficiation strategy with the completion of its state-of-the-art smelter at the Selous Metallurgical Complex. This facility is set...
Ncube Projects 5.6% Growth for Mining Sector on the Back of Improved Commodity Prices
Zimbabwe's 2025 National Budget, presented by Finance and Investment Promotion Minister Mthuli Ncube, projects a 5.6% growth in the mining sector, driven by an anticipated surge in global commodity prices.By Ryan ChigocheThis marks a sharp recovery...
Lithium Producers in Talks with Govt on Reasonable Beneficiation Timelines
Lithium producers in Zimbabwe are collaborating with the Ministry of Mines and Mining Development to establish realistic timelines for beneficiation, amid declining prices in the lithium industry.By Ryan ChigocheTo curb the export of low-value ores, the...
Unki Achieves Over 11 Years of Fatality-Free Operations
Zimbabwe's third-largest platinum group metal (PGM) producer, Unki Mine, located in Shurugwi, has reached nearly 12 years without a fatality, Mining Zimbabwe can report.By Rudairo MapurangaThis milestone makes Unki the first mine in Zimbabwe to achieve...
Zimplats Spent Over US$800 Million on Major Projects
The country’s biggest platinum group metal (PGM) producer, Zimplats, has spent US$858 million on its major projects as of June 30, 2024, according to the company’s quarterly report for the period ending June 30, 2024.By Rudairo...
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