Latest news with #Zimplats
Yahoo
01-08-2025
- Business
- Yahoo
Global platinum supply to fall in 2025, linked mainly to disruptions and mine closures
In 2025, global platinum production is expected to decline marginally, primarily driven by reduced output from South Africa and Russia. South Africa's platinum production is forecast to decrease by 1.3% due to ongoing operational challenges,including mine closures, ageing assets, and cost-cutting measures. Notably, Sibanye-Stillwater has undergone significant restructuring over the past 18 months, leading to the closure of loss-making shafts such as Beatrix 4, Kloof 4, Kroondal Simunye, Marikana 4B, and the Kloof plant. Additionally, marginal shafts such as Marikana Rowland and Rustenburg Siphumelele have been restructured. In Russia, platinum production is projected to decline marginally by 0.2% to 742,800oz in 2025. This reduction is primarily due to the closure of stage one at the Oktyabrsky mine, which has a capacity of six million tonnes per annum (mtpa). Although stage two, with a capacity of 2mtpa, is expected to commence in 2026, it will not offset the immediate decline in 2025. Conversely, Zimbabwe's platinum production is set to experience modest growth in 2025. Operational improvements at Zimplats and Mimosa, along with higher-grade stoping areas, will contribute to increased output. Additionally, Canada and the US are projected to record minor production increases, driven by improved operational efficiency and restructuring efforts. Looking ahead, global platinum production is projected to see flat growth from 2025 to 2030, with a CAGR of 0.9%, reaching 6.4 million ounces by 2030. South Africa's output will remain stagnant due to structural challenges, while Russia's production will decline by a CAGR of -0.2% primarily from reduced output at the Oktyabrsky mine. In contrast, Zimbabwe will experience a 2.2% CAGR growth, supported by the Karo and Mupani mines. Canada's production is expected to double by 2030, driven by the Marathon and Victor-Capre projects, while the US will maintain stable output through operational efficiency improvements. Global platinum mine production (million ounces), 2010–2030 "Global platinum supply to fall in 2025, linked mainly to disruptions and mine closures" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Zawya
30-07-2025
- Business
- Zawya
Zimbabwe: Solar energy plant for platinum mine
A public-private partnership has resulted in a solar energy project being set up at a major mining house in Zimbabwe. Last week, President Emmerson Mnangagwa officially commissioned the expanded smelter and first phase of a large-scale solar plant at Zimbabwe Platinum Mines (Zimplats). Speaking at the Selous Metallurgical Complex in Ngezi, Mashonaland West, Mnangagwa hailed the dual projects – a $360 million expanded smelter and a 35MWac solar plant – as a testament to strategic collaboration between government and the private sector. The developments form part of Zimplats' broader $1.8 billion expansion programme, set to run through 2031, which also includes a base metal refinery, additional mining developments and a total 185MW of installed solar capacity. Senior Executive Vice President, Afreximbank Group, Denys Denya, speaks to ESI Africa about the critical need of prioritising the interests and well-being of local mining communities in the extraction and processing of Africa's mineral resources 'These developments are a remarkable milestone in Zimbabwe's quest for industrial advancement, energy self-sufficiency and environmental sustainability. 'They demonstrate Zimplats' commitment to remaining a strategic partner in our national Vision 2030,' Mnangagwa was quoted by the Zimbabwe Broadcasting Corporation as saying. The 38MW smelter expansion, completed in December 2024, triples the mine's smelting capacity and is designed to enhance processing efficiency while reducing energy costs and environmental impact. Meanwhile, the 35MWac solar plant – occupying 106 hectares – represents Phase 1A of Zimplats' larger renewable energy strategy to reduce emissions and ensure stable power supply to its operations. Zimplats, a subsidiary of South Africa's Impala Platinum Holdings (Implats), is the country's largest producer of platinum group metals (PGMs). As a heavy energy consumer, the company said it has committed to reducing its carbon footprint through a two-pronged approach involving solar power development and direct importation of cleaner hydropower from Zambia. 'Locally supplied energy, largely generated from thermal sources, contributes significantly to carbon emissions. Our aim is to migrate to cleaner, renewable energy sources and maintain an optimal energy mix comprising solar, hydroelectric and local grid power,' Zimplats noted in its 2024 Integrated Annual Report. Energy shortage woes in Zimbabwe In recent years, Zimbabwe has faced recurrent power shortages, with loadshedding disrupting industrial production and household consumption. According to the World Bank, only around 49.6% of Zimbabwe's population had access to electricity as of 2021. Mnangagwa also emphasised the critical role of mining in Zimbabwe's economic transformation. 'With Zimbabwe among the top countries in platinum reserves, it is commendable that the sub-sector is well-coordinated with clear and achievable benchmarks for success. 'The generation that comes after us should be able to thank us for creating a legacy that benefits generations to come,' he said. Mining remains one of Zimbabwe's top-performing sectors, contributing around 12% to GDP, as well as foreign currency earnings and employment. The President reiterated that projects such as Zimplats' expansion should deliver not only macroeconomic gains but also tangible benefits for communities, including jobs, skills development and improved infrastructure.
News24
24-07-2025
- Business
- News24
Implats triples platinum smelting in Zimbabwe with new plant
Impala Platinum's Zimbabwe unit is tripling its processing capacity in the country and plans to handle concentrates from other mining firms at its new smelter. The plant, part of Zimplats's $1.8 billion expansion plan, has the capacity to process 380 000 tons of concentrate annually, Zimplats Chair Thandi Orleyn said at the smelter's commissioning ceremony in Selous, 80 kilometers west of the capital Harare. The country's biggest platinum miner has already allocated $1.1 billion of its 10-year investment plan, which runs through 2031, she added. The plant 'is well positioned to handle feeds from other PGM producers presently in existence and in the future,' she said, referring to so-called platinum group metals used in several industries for their resistance to corrosion and heat, as well as catalytic properties. The expansion reflects a wider push across Africa to add value to natural resources before exporting them. Several mining operations in the continent have been seized or disrupted due to disputes with governments over taxes and investments, such as Barrick Mining's Loulo-Gounkoto gold complex in Mali. In Zimbabwe, the central bank's retention of hard currency from exporters has been one of the challenges faced by producers. Orleyn told Bloomberg on the sidelines of the ceremony that the company has raised concerns about the country's currency volatility with the Zimbabwean authorities. 'There is a sense that this is a long-term relationship and the currency volatility in a geopolitical environment as we are facing at the moment is something to be expected,' she said The Southern African nation has the world's third-largest platinum reserves after Russia and South Africa. Zimbabwe generates more than half of its revenues from exports of minerals including gold, chrome and diamonds.
Bloomberg
23-07-2025
- Business
- Bloomberg
Impala Triples Platinum Smelting in Zimbabwe With New Plant
Impala Platinum Holdings Ltd. 's Zimbabwe unit is tripling its processing capacity in the country and plans to handle concentrates from other mining firms at its new smelter. The plant, part of Zimplats Holdings Ltd.'s $1.8 billion expansion plan, has the capacity to process 380,000 tons of concentrate annually, Zimplats Chair Thandi Orleyn said at the smelter's commissioning ceremony in Selous, 80 kilometers (50 miles) west of the capital Harare. The country's biggest platinum miner has already allocated $1.1 billion of its 10-year investment plan, which runs through 2031, she added.
