September 24, 2017

Zimbabwe’s Bimha Platinum mine collapses

Zimplats1

Zimbabwe’s platinum Bimha mine experienced a downfall when a major collapse occurred underground in Zimplats. Being the Bimha’s largest platinum mine in Zimbabwe, this has resulted to production being cut by about 50 percent.

Zimplats chief executive officer Mr. Alex Mhembere confirmed the reports and said that fortunately, there were no incidences of injuries or damage to mobile equipment after the occurrence at the mine located 150 miles southeast of Harare.

Mr. Mhembere also pointed out that the collapse was due to deterioration of ground conditions along a fault that was identified back in 2011.

According to research, Zimplats is a major source of revenue for Implats – a South Africa-based company listed on the Johannesburg stock exchange – which recently lost 2,800 ounces of production daily during a 19 week strike earlier this year in South Africa. Implats and fellow South African group Anglo American Platinum normally ship what they mine in the country to South Africa for refining.

Bimha was Zimplats’ largest producer, with the others being Mupfuti, Rukodzi and Ngwarati.

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