Zimplats delivers strong performance

7 Sep 2020
Zimplats, Zimbabwe’s biggest platinum group producer, delivered another strong performance in the full year to June 30, 2020, navigating challenges and threats to workers and operations from Covid-19 pandemic, to help drive positive group results for Impala.

The South African based platinum group metals (PGMs) producer, however, delivered marginally lower mine-to-market Six-Element concentrate volumes of 2,5 million ounces, a 5 percent decline from the comparable period, due to Covid-19.

But maiden contributions from Impala Canada and stable deliveries from Zimbabwean offset the impact of Covid-19 on South Africa where operations were suspended during a three week national lockdown initiated on March 25, 2020.

Restricted ramp up in South Africa commenced when the restrictions were eased from level 5 to 4 in April and, while material production losses were recorded in April/May, output was restored to approximately 90 percent capacity by end of June.

Mining was declared an essential service during the Zimbabwe national lockdown and the impact of the lockdown on Zimplats and Mimosa was minimal. Concentrate and matte exports temporarily suspended due to Impala Refinery Springs force majeure.

Content retrieved from: https://www.herald.co.zw/zimplats-delivers-strong-performance/ .

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