Zim Now Writer
Zimplats, the country’s biggest platinum group metals producer in the country, is moving to refurbish its Base Metal Refinery at Selous at a cost of US$200 million in a development that is line with the national beneficiation thrust.
The base metal refinery separates minerals such as nickel, chrome and copper from PGMs.
Currently, Zimplats sends its platinum concentrate to South Africa for processing, which costs the country in terms of potential revenue and jobs.
The beneficiation thrust, which targets mainly platinum, diamonds, gold and chrome, has resulted in policies, which are expected to unlock the full potential of the mining sector.
Zimplats corporate affairs manager, Busi Chindove, said equipment has been purchased with some of it already on site while some is in transit, adding that the current expenditure on the plant is US$20 million out of the total estimated cost of US$200 million.
“Some of the equipment has been purchased and is on site, other equipment has been purchased and is in transit. The current expenditure on the project is US$20 million today,” she said.
Mines and Mining Development Minister said, while speaking on the sidelines of a visit to the mine on Friday, government has identified beneficiation and value-addition across all sectors, putting the economy on a sustainable growth trajectory.
Minister Soda added that the refurbishment of the plant is set to bring value to the country and create jobs for the country’s citizens.
“Metals must be beneficiated and added vale before they exit our borders, the coming of the base metal refinery is obviously to add value to our minerals and also create jobs for the people,” said Soda.
The refurbishment is part of the group’s overall capital investment strategy, which has a total budget of US$1.8 billion to be implemented over 10 years, starting in 2021.
About US$1.2 billion of that has already been approved for implementation. – Original article in Mining Zimbabwe
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