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Financial|Platinum|PROJECT
Financial|Platinum|PROJECT
financial|platinum|project

Bimha mine upgrade, Zimbabwe – update

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Photo by ©Bloomberg

8th March 2024

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Bimha mine upgrade.

Location
Zimbabwe.

Project Owner/s
Zimplats.

Project Description
Bimha is being upgraded to produce 3.1-million tonnes a year. The project will replace production from the Rukodzi mine, which depleted in the 2022 financial year, and that from the Ngwarati and Mupfuti mines, which will be depleted in 2025 and 2028 respectively.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
$81.7-million.

Planned Start/End Date
Full production is expected in the 2024 financial year.

Latest Developments
Impala has reported that the project is on track and scheduled for completion in the fourth quarter of the 2024 financial year.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Impala Platinum, Alice Lourens, tel +27 11 731 9033/17 or email alice.lourens@implats.co.za.

 

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Edited by Creamer Media Reporter

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