Zimplats marginally ups platinum production in Q4
Harare – Zimbabwe’s biggest platinum miner, Zimplats said on Thursday platinum production in the quarter ending June 30 improved by two percent to 67 978 ounces compared to the previous quarter.
The increase is despite a two percent drop to 1 673 tonnes in overall ore mined, which also resulted in a similar percentage decline in ore milled to 1 570 tonnes, attributed to planned mill shutdowns.
“Despite the decrease in volume of ore milled, 6E metal production in final product increased by three percent mainly due to metal recovered from draining the furnace for the major rebuild, which commenced on 10 June 2019,” Zimplats said.
The decline in ore milled did not, however, affect the recovery of six key minerals –platinum, palladium, gold, rhodium, ruthenium and iridium – which went up three percent to 147 136 ounces.
Production during the period was blighted by the one fatality recorded at the company’s subsidiary, Mupfuti Mine.
“Work to re-energise the teams after this experience has commenced and we are confident the situation will be turned around,” Zimplats said.
Improved production efficiencies resulted in a seven percent drop in the cost of production per ounce which closed the period at US$1 209.
At least US$2.6 million was spent on exploration which included drilling of 26 628 metres and sample assay analysis.