BULAWAYO, October 31 (The Source)- Zimbabwe’s largest platinum mine, Zimplats recorded a 0.8 percent decline in output while the second largest Mimosa in Zvishavane recorded a 3.9 percent increase in the first quarter ended 30 September 2017.
By Simbarashe Zishiri, HARARE, October 13 (The Source) – Zimplats says it is already compliant with Zimbabwe’s beneficiation requirements and will not be affected by the imposition of the punitive 15 percent levy on unprocessed platinum exports from next year, according to chief executive Alex… Read More
By Mukasiri Sibanda, HARARE, October 3 (The Source) – “A wealth of information and poverty of attention” is often used against civil society organisations (CSOs) and their inability to understand data. To dispel this notion CSOs, especially the Publish What You Pay (PWYP) campaign in… Read More
By Kuda Chideme, HARARE, September 13 (The Source) – Zimplats says it has agreed to give up 28,000 hectares of land, more than half of its idle mining claims to government, ending a five-year row but analysts say the latest land grab could spook foreign… Read More
HARARE, August 31 (The Source) – Zimplats’ profit in the year ended 30 June 2017 increased to $45,53 million compared to $7,32 million in 2016, boosted largely by a total of $34,8 million realised from export incentives and disposal of treasury bills from the Reserve… Read More
HARARE, August 2 (The Source) – Zimplats reported an 11 percent increase in revenue to $143,5 million in the quarter to June from $128,9 million in the same quarter last year, driven by a 6 percent increase in platinum group metals (4E) sales volumes.
By Kuda Chideme, HARARE, May 17 (The Source) – Zimbabwe plans to construct a 300,000 tonne platinum refining plant in a joint venture with an Australian-based firm Kelltech at an estimated cost of $200 million, Mines Minister Walter Chidhakwa said on Wednesday The southern African… Read More
HARARE, May 3 (The Source) – RioZim’s three gold mines are producing about 137 kilogrammes of the precious metal monthly — 59 percent of capacity — officials said on Wednesday, highlighting the urgent need for fresh investment to ramp up output. RioZim, a Zimbabwe-listed entity… Read More
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
HARARE, February 23 (The Source) – Zimplats profit after tax for the half year to December improved to $16,2 million from a $620,000 loss last year, with a central bank export incentive accounting for over a third of earnings, the company said on Thursday. The… Read More
HARARE, February 1 (The Source) – Zimbabwe’s largest platinum miner, Zimplats on Tuesday said it had transferred 10 percent of its equity to its employees for $95 million. Government approved the plan in September, 2015 as part of a 2013 agreement to sell a majority… Read More
HARARE, January 31 (The Source) – Zimplats reported a 27 percent increase in after-tax profit to $20.6 million for the three months to December 2016 driven by a 41 percent increase in revenue. Revenue rose to $139 million from $98.5 million in the previous quarter… Read More
HARARE, December 1 (The Source) – Government has issued treasury bills to settle a $34 million debt owed to Zimplats by the Reserve Bank of Zimbabwe (RBZ), the platinum miner said on Thursday. The miner was among the many corporates and individuals who had their… Read More
HARARE, November 30 (The Source) – Zimplats says it is going ahead with the development of a $264 million underground mine following board approval, which will raise its mineral reserves by a third to 9 million ounces. Preliminary work on the Mupani Mine project… Read More
HARARE, October 17 (The Source) – The Chamber of Mines has called on government to defer the proposed 15 percent export tax on unrefined platinum, saying producers of the metal will not be able to meet the January 2017 deadline to set up refineries and… Read More