19 January 2018
   
30 ZRP bosses fired, CIO spies too
Parliament: 11 G40 ministers, MPs fired
MDC-T’s Gutu scoffs at party HQ ban
Rule of law under threat – warns Mujuru
24 Nagle High girls up for O’Level fraud
Stop using Zisco as election con: ZCTU
LATEST: Bennett in fatal chopper crash?
Polls in '4 to 5' months: Mnangagwa
MORE NEWS
SEO DEBATE: Privatise most parastatals
‘Mobile money tax will get dodger vendors’
MORE BUSINESS
Delight as ZBC 'Iron Lady' suspended
Sulu arrested over $4,000 child support
MORE SHOWBIZ
Tendai Ndoro special - says Ajax coach
Zim cricket official charged with fraud
MORE SPORTS
Elections: Not a moment to be lost
A view beyond the Zimbabwe coup
MORE OPINION
 
Mnangagwa off to Davos empty handed
Economy: the need for a paradigm shift
MORE COLUMNISTS
 
 
Mimosa Platinum mulls second shaft
28/10/2013 00:00:00
by Bloomberg
 
Feasibility study underway ... Winston Chitando
 
RELATED STORIES

AQUARIUS Platinum and Impala Platinum Holdings are assessing whether to dig a second shaft to expand production at their Mimosa platinum mine in Zimbabwe, Winston Chitando, chief executive of the operation, has said.

“We are in the process of undertaking a feasibility study,” Chitando said. “There is work taking place in assessing various options,” he said, declining to give further details.

Mimosa is one of three operating platinum mines in Zimbabwe, which has the second-biggest reserves of the metal after South Africa. Zimbabwe Platinum Mines, a unit of Johannesburg-based Impala, and Anglo American Platinum also run mines in the country.

Mimosa produced about 218,000 ounces of platinum group metals in its last financial year.

By law, mining companies operating in in the country must sell or cede 51 percent of their local assets to black citizens of the country or the government.

“There are discussions which are taking place with government,” Chitando said. “So far we are happy with them.”


Advertisement


 
Email this to a friend Printable Version Discuss This Story
Share this article:

Digg it

Del.icio.us

Reddit

Newsvine

Nowpublic

Stumbleupon

Face Book

Myspace

Fark

 
 
 
comments powered by Disqus
 
RSS NewsTicker