PLATINUM group metals miner Zimplats Holdings spent US$440 million in capital expenditure during the financial year ended June 30, 2024 on a series of stay-in-business, mine replacement and expansion projects, which was 45 percent above previous year’s spending of US$304 million.
This is part of the group’s broader US$1,8 billion capital investment program. Zimplats-a subsidiary of South African based Implats is intensively investing in the revitalization of its resource base along the mineral-rich Great-dyke belt at a time several of its mines are depleting.