The nation’s biggest platinum producer, ZIMPLATS is targeting full capacity at its redeveloped underground mine by April next year following the injection of more than US$30 million.
The collapse of the platinum mining unit, Bimha Mine in 2014 created challenges in terms of sustaining production, with revenues for the platinum mining giant being adversely affected.
However, as a result of the company’s board of directors resolutions to inject fresh capital, the mine is being redeveloped.
A ZIMPLATS production report for the quarter ending March 2017, states that the mine is now targeting full scale operations by April 2018.
The collapsed unit accounted for more than 41 percent of the four mines owned and controlled by ZIMPLATS.
A total of US$32 million has so far been spent on the re-development of the project against an approved budget of US$92 million.
Furthermore, in line with the thrust on beneficiation in the economic blue print, ZIMASSET, work on the base metal refinery at the Selous Metallurgical Complex is in progress.