ZIMBABWE’S platinum output is estimated to have increased by 11 percent, year-on-year, during the third quarter of 2023, reaching 129 000 ounces (oz), an all-time high, according to the World Platinum Investment Council’s (WPIC) latest report.
The growth came from Zimplats, which realised additional volumes from its new concentrator plant.
“Output from other producers, Unki and Mimosa, remained virtually unchanged year-on-year,” WPIC said.
The council noted that Zimbabwe’s annual production is on track to reach an all-time high of 502 000oz, also because of the upgrades at Zimplats.
“Furthermore, a new power agreement for the operation should continue to deliver improved power stability,” read the report.
Mthuli Ncube, Finance Minister
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