Zimbabwe’s platinum mine faces fall in production

Bimha mine, Zimbabwe’s leading platinum producers dropped production of the metal by 50 percent recently after a major collapse occurred underground in Zimplats, Ambriefonline reported.

The collapse art one of the operations underground cist the company 50 percent of the total metal production. The report did not elaborate when the incident occurred, but company chief executive officer, Alex Mhembere confirmed the reports.

He added that ‘fortunately, there were no incidences of injuries or damage to mobile equipment after the occurrence at the mine’, located 150 miles southeast of Harare.

Mhembere cited the collapse was due to deterioration of ground conditions along a fault that was identified back in 2011.

According to research, Zimplats is a major source of revenue for Implats – a South Africa-based company listed on the Johannesburg stock exchange – which recently lost 2,800 ounces of production daily during a 19 week strike earlier this year in South Africa.

Implats and fellow South African group Anglo American Platinum normally ship what they mine in the country to South Africa for refining, the report added. Bimha was Zimplats’ largest producer, with the others being Mupfuti, Rukodzi and Ngwarati.

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