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Mupani mine – Portal 6 development project, Zimbabwe

6th September 2019

By: Sheila Barradas

Creamer Media Research Coordinator & Senior Deputy Editor

     

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Name of the Project
Mupani mine – Portal 6 development project.

Location
The project is located on the Great Dyke, in Zimbabwe.

Client
Zimbabwe Platinum Mines, Zimplats’ main operating subsidiary.

Project Description
The project entails the construction of a new 2.2-million-tonne-a-year underground platinum mining complex.

The new complex will replace production from the Rukodzi and Ngwarati mines once they have been mined out and closed, which is expected in 2022 and 2025 respectively.

The life-of-mine is estimated at 34 years.

Potential Job Creation
The mine will employ an estimated 1 000 people at full production. A substantial number of contractors will be employed during the development, construction and commissioning of the project. A significant number of employees at the mining operations will be from the local community.

Net Present Value/Internal Rate of Return
Not stated.

Capital Expenditure
$264-million.

Planned Start/End Date
Full production capacity of 2.2-million tonnes will be reached in 2025.

Latest Developments
The development of the Mupani mine is progressing well and ahead of schedule.

The mine is scheduled to reach full production in August 2025.

Key Contracts and Suppliers
None stated.

On Budget and on Time?
The project is within budget and slightly ahead of schedule.

Contact Details for Project Information
Zimplats CEO Alex Mhembere, tel +263 4 886 888, fax + 263 4 886 876 email alex.mhembere@zimplats.com.

Edited by Creamer Media Reporter

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