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Mimosa’s North Hill project, Zimbabwe – update

Aerial view of the Mimosa plant

Photo by Impala Platinum

22nd September 2023

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Mimosa’s North Hill project.

Location
Zimbabwe.

Project Owner/s
A joint venture between Impala Platinum and Sibanye-Stillwater.

Project Description
The project will extend Mimosa’s life-of-mine (LoM) by about ten years, to 2044.

The project will increase LoM at the current production platform and sustain 227 000 t a month into the existing processing plant.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
$130-million.

Planned Start/End Date
Steady-state production from North Hill is forecast for the 2034 financial year.

Latest Developments
The feasibility study has been completed and a memorandum of understanding to support project execution is under discussion with the Zimbabwe government.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Impala Platinum group head: investor relations and corporate communications Alice Lourens, tel +27 11 731 9033 or email Alice.Lourens@implats.co.za.
Sibanye-Stillwater executive VP: investor relations James Wellsted, ir@sibanyestillwater.com.



 

Edited by Creamer Media Reporter

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