fbpx

Collapse At Zimplats’ Mine Slashes Platinum Putput By 50%

Collapse At Zimplats’ Mine Slashes Platinum Putput By 50%

From CNBC Africa

Platinum production at Zimplats’ largest mine in Zimbabwe has been halved following a major collapse underground, the company said.

Zimplats said there were no reports of injuries or damage to mobile equipment after the incident at the Bimha mine, located 150 miles southeast of the capital Harare and the biggest of four Zimplats-owned platinum mines.

The collapse was triggered by deterioration of ground conditions along a fault first identified in 2011, said Zimplats, a unit of world number two platinum producer Impala Platinum 0.00% (Implats).

“As a result production from the Bimha mine has been downscaled by 50 per cent equating to 45,000 ounces of platinum in matte production,” Zimplats said in a statement.

 

Read more a CNBC Africa