SA miners to ramp up output from Zim operations

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.

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