Zimplats plans US$1.8bn investment in mine expansion

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Article highlights:

  • Implats’ Zimbabwe-based unit Zimplats on Thursday announced plans to invest a total of US$1.8 billion over the next seven years towards mine expansion, as well as the establishment of a base metal refinery.
  • The bulk of the funds, amounting to US$386.2 million, will go towards the development of Mupani mine, while the base metal refinery (BMR) plant will cost US$200 million.
  • According to Zimplats, the BMR plant project will have capacity for local PGM base metal refining and will create 100 direct jobs and at least 1 000 indirect jobs.