Mimosa Mine mulls US$100m shaft expansion

MIMOSA Mining Company says it plans to inject US$100 million  towards the development of a new shaft to extend the mine’s lifespan to 22 years.

The Zvishavane-based firm is one of three platinum resource outfits in Zimbabwe, which holds the world’s third biggest claims after South Africa and Russia.

The others are Australia Stock Exchange-listed Zimplats and Unki, a unit of Johannesburg Securities Exchange-listed Anglo American.

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