Mines news

Your industry

Focus on digital marketing


Content marketing download

Bizcommunity's special Focus On CONTENT MARKETING is now available in a downloadable PDF.

Content Marketing PDF >>
Bizcommunity has over 400 industry contributors and we always welcome further contributions and contributors.
Mines news

SA miners to ramp up output from Zim operations

19 Nov 2012 13:08
South African platinum miners hope to ramp up output from their operations in Zimbabwe as production at home falls to 11-years low, beset by illegal strikes, work stoppages and a growing burden of red tape, BDLive reports.
By contrast, Zimbabwean Finance Minister Tendai Biti said last week that the country's mining sector had become the "anchor driver" of Zimbabwe's economy, with the potential to generate up to R124bn a year.

Zimbabwe and South Africa hold 75% of the world's platinum reserves, but South Africa's industry has become bedevilled by labour unrest, high input costs, poor infrastructure and increased government intervention. Foreign investor sentiment has also taken a knock, especially with nationalisation still on the agenda.

According to BDLive, Anglo American Platinum (Amplats), the world's biggest producer, says it is planning a new mine in Zimbabwe, while JSE-listed Impala Platinum (Implats) recorded a surge in first-quarter platinum production from its Zim based Mimosa joint venture project with Aquarius Platinum.

Read the full article on http://www.bdlive.co.za
LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that post messages to this forum are not to libel/slander nor in any other way depict a company, entity, individual(s), or service in a false light; should they do so, the legal consequences are theirs alone. Bizcommunity.com will disclose authors' IP addresses to authorities if compelled to do so by a court of law.