Sunday, December 15, 2013

(NEWZIMBABWE) Mimosa Platinum mine planning to set up smelter
31/10/2013 00:00:00
by The Source

MIMOSA Platinum plans to set up a smelting plant at its Zvishavane mine, an official said without disclosing financial details of the plan.

“Plans are already at an advanced stage to establish a smelting plant and I am pretty sure we will be part of the pioneering process,” said Mimosa executive director, Herbert Mashanyare recently.

It will be the second such plant in Zimbabwe, after the one owned by Zimplats at the Selous Metallurgical Complex, which also holds a concentrator.

Mashanyare said Mimosa, which is jointly owned by South African miners, Implats and Aquarius Platinum was also considering starting generating electricity from platinum using technology already in use in South Africa.

“The technology is there in South Africa and it is a possibility that we can import that technology,” he said. He refused to discuss the financial details.

Anglo Platinum, which owns Unki Platinum mine near Shurugwi is pioneering the use of platinum-using fuel cells to generate electrical energy.

South Africa holds 75 percent of the world’s platinum reserves with Zimbabwe holding the second largest reserves.

Mimosa, along with Zimplats and Unki, are also in discussions to set up a refinery in the country which would likely cost $3 billion.

Mashanyare said two refineries are needed; one for base metals which separates nickel, copper and cobalt and a precious metals furnace which separates nine different metals including platinum, palladium, gold and rhodium.

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