Gold propels Zimplats’ production by 9%

Harare – Platinum group metals producer, Zimplats which is majority controlled by Impala Platinum has reported a 9% increase in total ore milled to 1705 000 tonnes in the quarter ended 30 September 2019 from 1 570 000 tonnes achieved in the previous quarter ended June 2019.

Production increased by 2% compared to the corresponding period in 2018. In a trading update for the period under review, the company said the increase was due to an increase in mill running time, which was stalled in the previous quarter. “Running time was impacted in the previous quarter by planned shutdowns for mill relines at both concentrators,” the Company said.

Zimplats mines six elements (6E) which include Platinum, Polladium, Gold, Rhodium, Ruthenium and Iridium and other metals which include Nickel, Silver, Copper and Cobalt.Both platinum and 6E production increased by 3% from the previous quarter ended 30 June 2019, where platinum production increased to 70 000 ounces from 67 978 ounces and 6E total increased to 151 458 ounces from 147 136 ounces.

“6E metal in matte production increased by 3% from the previous quarter benefiting from higher mill volumes,” Zimplats said.

6E production in the previous quarter included 3 036 ounces recovered from the furnace during the rebuild which commenced on 10 June 2019. Zimplats is the country’s largest mining operation and has potential to produce 7 million tonnes of ore annually. It operates both an opencast and an underground mine at Ngezi. The Selous Metallurgical Complex (SMC) where the ore is concentrated and smelted is located some 77 km north of the mine.

-Equity Axis News

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.