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Thursday, February 9, 2023

Platinum miners revisit Base Metal Refinery initiative

Article by Owen Mandovha

PLATINUM mining firms  are re-looking  prospects  to  set  up a  base  metal refinery  plant  as  the  country scales  the drive  towards  mineral  beneficiation.

Plans  to set up a platinum  base  metal refinery  have  been  revived   with  revelations  two  of  the country’s  biggest  producers  Zimplats  and  Mimosa  have  started  the  initial  processes  that  will  culminate  to   viable   mineral  beneficiation.

Minister of Mines and Mining Development Honourable Winston Chitando   confirmed this development saying a feasibility study conducted by the two major platinum producers towards the establishment of a base metal refinery suggests that Zimbabwe can no longer export raw PGMs.

“Mimosa and Zimplats engaged in a feasibility study to determine the establishment of a base metal refinery. It is critical to note that it is a commercial plan to do that in terms of determining sufficiency of all mining commodities. We can attest that the report was submitted and we have enough production capacity to sustain the establishment of a base metal refinery in line with Government’s mineral beneficiation policy,” he said.

Zimbabwe is  home  to the  second  largest  platinum  deposits  after  South Africa,  which  continues  to attract  investment. Karo Platinum, is the latest mining concern to build an open cast mine which kicked off this week.

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