Unki platinum output up 12pct in FY16

Unki platinum output up 12pct in FY16

HARARE, February 15 (The Source) – Platinum production at Unki Mine near Shurugwi increased 12 percent to 75,000 ounces in 2016 largely due to higher tonnage mined.

Unki, a unit of the world’s platinum top producer Anglo America Platinum is one of the three large platinum producers in the country with a mineral resource of 10.5 4E million ounces and Ore Reserve of 4.7 4E million ounces.

According to the group’s results for the year ended 31 December 2016, Unki head grade increased from 3.22 gramms per tonne to 3.46g/t in 2016.

Angloplat chief executive Chris Griffith, said group production for the year at 2.38 million ounces, was above target.

‘The business has made significant strides in the last twelve months, despite the continued weak price environment for platinum group metals. Ongoing operational improvements, progress with divestments and a further reduction in net debt are ensuring that we build a resilient business and position the company for the future,” he said.