More
    HomeBusinessZimplats ups production in Q3

    Zimplats ups production in Q3

    Published on

    spot_img

    Harare, (New Ziana) – Platinum miner, Zimplats said on Thursday it increased ore production for the quarter ended September this year by seven percent to 1 796 tons compared to the previous one.

    In the period, Zimplats said mined tonnage was also 10 percent higher than the same period last year.

    “This was mainly due to improved fleet productivity and additional tonnage from Mupani Mine, which is still under development,” it said.

    “Tons milled increased by 9 percent (to 1 705 tonnes) from the previous quarter due to an increase in mill running time. Running time was impacted in the previous quarter by planned shutdowns for mill relines at both concentrators.”

    As a result of higher mill volumes, production of 6E minerals namely platinum, palladium, gold, rhodium, ruthenium and iridium increased by 3 percent to 151 458 ounces.

    However, Zimplats said operating cash costs increased by 15 percent from the previous quarter mainly due to the increase in mined and milled tonnage.

    “This was further impacted by higher selling expenses due to the increase in concentrate exported during the period of the furnace rebuild. As a result, operating cash cost per platinum ounce increased by 2 percent from the previous quarter,” the company said.

    New Ziana

    Latest articles

    Support Coventry, Bach appeals to world sports journalists

    From Goodwill Zunidza in RABAT, Morocco Outgoing International Olympic Committee (IOC) president Thomas Bach has...

    202 cadets commissioned at ZMA

    By Norman Dururu Gweru, (New Ziana)– The Commander-In-Chief of the Zimbabwe Defence Forces President Emmerson...

    Chiefs call for traditional courts to combat deforestation

    Bulawayo, (New Ziana)-The country`s traditional leadership has called for urgent action to curb deforestation,...

    ZMC tells community media to embrace AI to survive

    Harare, Zimbabwe, (New Ziana) – Community media in Zimbabwe must adopt Artificial Intelligence (AI)...

    More like this

    Support Coventry, Bach appeals to world sports journalists

    From Goodwill Zunidza in RABAT, Morocco Outgoing International Olympic Committee (IOC) president Thomas Bach has...

    202 cadets commissioned at ZMA

    By Norman Dururu Gweru, (New Ziana)– The Commander-In-Chief of the Zimbabwe Defence Forces President Emmerson...

    Chiefs call for traditional courts to combat deforestation

    Bulawayo, (New Ziana)-The country`s traditional leadership has called for urgent action to curb deforestation,...