Platinum output falls 21pct in Q3

HARARE, November 23 (The Source) – Zimbabwe’s refined platinum production in the third quarter of 2017 declined by 21 percent from 120,000 ounces last year to 95,000 ounces owing to furnace maintenance work, reported World Platinum Investment Council (WPIC). In 2016, the southern African nation… Read More

Zimbabwe mineral exports up 25pct

BULAWAYO, October 5 (The Source) — Zimbabwe’s mineral exports increased 25 percent to $1,69 billion between January and September, up from $1,35 billion during the same period last year on the back of increased output, Mines minister Walter Chidhakwa has said. Speaking at the Zimbabwe… Read More

Mimosa HY output doubles to 60, 000oz

HARARE, August 30 (The Source)- Platinum production at Mimosa in the six months to June reached 60 879 ounces compared to 29 491 ounces during the same period in 2016 largely on improved mining efficiencies. In a trading update on Wednesday Mimosa’s parent company Sibanye-Stillwater… Read More

Zimplats Q3 profit doubles to $42mln

HARARE, April 26 (The Source) – Zimplats on Wednesday said net profit more than doubled to $42,2 million in the three months to March 31, from $20,6 million in previous quarter. Revenue dropped six percent from $139 million to $131 million. The miner benefitted from… Read More