Zimplats output set to surpass initial projection

A conveyor belt carries ore extracted at Mimosa Platinum mine about 400km (249 miles) south of the capital Harare,February 16, 2012. REUTERS/Philimon Bulawayo (ZIMBABWE - Tags: BUSINESS COMMODITIES ENERGY) - RTR2XYNN

IMPALA Platinum expects production at Zimplats to surpass initial production guidance for 2020 due to improved efficiencies.

In a market update, the South African platinum giant revised the mine’s concentrate production to between 585 000 ounces and 600 000 from the initial target of 550 000.

The group also noted that production at its joint venture with Sibanye Still-water, Mimosa, is anticipated to be between 240 000 ounces and 250 000 ounces compared to 261 000 ounces produced in 2019.

Impala noted that both Zimplats and the joint venture at Mimosa have operated uninterrupted and well within pre-Covid1-19 FY2020 guidance.


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