Mimosa in US$200m expansion drive

SYDNEY MUBAIWA 

MIDLANDS BUREAU 

GWERU – Platinum giant, Mimosa Mining Company has embarked on a US$200m shaft and plant expansion project that will see the Zvishavane-based firm’s life span extending to more than 25 years. 

Speaking in an interview during a media tour last week, Mimosa General Manager Stephen Ndiyamba said the company has completed feasibility studies to start mineral exploration at its North Hill claim.

“We have a big project which we are working on and we have completed feasibility studies for the project.

“The project is a replacement of the old mining sites which in the near future will run out of mineral deposits.

“We have drilled at North Hill and we know what is there. We also know what is in the South Hill. That will take us to another 25 years,” he said. 

The mining company is also spending a further US$38 million for the plant optimization project which is meant to improve processing efficiency and increase production.

“The ongoing projects will be commissioned by the end of this year and by early next year we will be operating,” he said. 

Mimosa Mine jointly owned by South Africa’s Sibanye-Stillwater and Impala Platinum produces about 125 000 ounces of platinum annually. 

The company besides mining platinum also produces other metals like cobalt, nickel, rhodium, copper, silver, palladium, gold and ruthenium 

The mining company according to Ndiyamba produces more than 45 kilograms of gold per month.

Leave a Reply

Your email address will not be published.