HomeNewsMimosa tenders for pre-feasibility study

Mimosa tenders for pre-feasibility study

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Mimosa Mining Company, Zimbabwe’s second largest platinum miner, says it is reviewing bids for the mine’s Phase 6 pre-feasibility study meant to prove the project’s mineral resource.

Mimosa, located on the Great Dyke in Zvishavane, is a 50-50 joint venture between South Africa’s Implats and Aquarius Platinum Limited and targets a massive ramp-up after the expansion programme.

This year it targets 200 000 ounces of platinum group of metals (PGM) from around 160 000 ounces of PGM, half of which would be platinum.

Mimosa managing director Winston Chitando said the scope of the pre-feasibility study is to assess whether the phase six project is viable or not.

“We envisage that the Phase 6 project will significantly increase both mining and processing capacity at Mimosa should the study prove that the project is viable.

“This is expected to lead to significant capacity increases in the medium to long term.”

“At the moment, because the tender process has not yet been finalised, no organisation has been appointed to carry out the work. For the same reason, costs for the exercise have not yet been finalised,” Chitando said.

Chitando said Mimosa Mine is currently producing about 103 000 ounces of platinum per annum.

From March to August, the platinum extractor produced 8 510 platinum ounces on monthly average.

Chitando said there would be no significant changes in production figures in the following months. Zimplats and Mimosa are the largest platinum mining companies in the country and Unki is expected to be operational by the end of the year.

The mining sector is expected to grow by 31% this year, led by platinum and gold.

The mining sector has faced numerous challenges since the country dollarised last year, including erratic power supply and lack of suitable credit.

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